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FINANCIAL NEWS
3 Iraqi discovered oil blocks offered to India
12 Jul 2013
(MENAFN) Iraqi has offered three discovered oil blocks in the Middle Furat oilfields to India on a nomination basis, Reuters reported.
Citing the Indian oil ministry, Baghdad also said that it has agreed to consider investing in the 300,000 barrels per day of Paradip refinery, a unit of Indian Oil Corp.
India’s second largest crude supplier has also offered to consider extending 60 days credit for crude sales to India, the ministry statement said.
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