India offered three discovered oil blocks by Iraq

Iraq has offered three discovered oil blocks to India and has agreed to consider investing in Indian Oil Corp's 300,000 barrels per day Paradip refinery, an Oil Ministry statement said on Thursday.

Baghdad has also offered to consider extending 60 days credit for crude sales to India, according to the statement.

Iraq has emerged as the second-biggest crude oil supplier to India after supplies from Iran were hit due to pressure from western sanctions.

Iraq has offered three discovered oil blocks in the Middle Furat oilfields on a nomination basis, the statement added.

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