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Stock impact report

Brownsville's new oil refinery making history [Yahoo! Finance]

Marathon Petroleum Corporation (MPC) 
Last marathon petroleum corporation earnings: 1/29 06:30 am Check Earnings Report
US:NYSE Investor Relations: ir.marathonpetroleum.com
Company Research Source: Yahoo! Finance
There is a thunderclap of energy news from Brownsville. Construction is about to start on the United States' first new major oil refinery in 49 years. Doing what no American company had been able to do because of the expense and environmental constraints, Reliance Industries of India is building a $300-billion refinery at the Port of Brownsville. The Permian Basin Petroleum, Texas Oil & Gas and Texas Independent Producers & Royalty Owners associations hope it will harbinger the modernization of the U.S. refining industry. It'll be called America First Refining. PBPA President Ben Shepperd said investment in what would be the first new U.S. refinery in 50 years sends a strong signal recognizing the continued growth of domestic energy production, particularly in the Permian Basin. “This commitment reflects confidence that American energy will remain a cornerstone of economic strength and national security for generations to come, supported by leadership in Texas and at the fe Show less Read more
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