Nidhi Verma

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Iraq offers longer credit to Indian oil buyers

Iraq offers longer credit to Indian oil buyers

Rediff.com12 Nov 2013

Iraq is willing to double the credit period on crude sales to 60 days if Indian refiners buy more in 2014, the head of refineries at Hindustan Petroleum said. Iran has also sweetened the deal to expand its dwindling market share by offering free shipment and a nominal discount to Indian refiners, sources said last week.

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