Sans bidding, India gets back oil block awarded by Saddam

India has managed to stay out of competitive bidding and get back an oil block in Iraq awarded by the Saddam Hussein regime. The Iraqi assurance was sealed with the signing of an MoU during its Prime Minister, Nouri al-Maliki's ongoing visit to the country. India also discussed project exports, an area where it held sway till the U.S. invasion of 2003.

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