Oil law deal unlikely this year

After politicians optimistically touted a new oil law negotiating framework, the two sides have yet to meet and positions remain entrenched.
Oil law deal unlikely this year
Then-Deputy Prime Minister Barham Salih (L) talks with Iraqi Prime Minister Nouri al-Maliki during a national assembly meeting May 20, 2006 in Baghdad. (CEERWAN AZIZ/Getty Images)

Bullish investors who converged on the Kurdish capital of Erbil last month for an oil and gas conference heard optimistic words from political leaders, who expressed confidence that a new negotiating framework would produce long-delayed oil legislation by the end of the year.One month later, that process has gone nowhere.Kurdistan's Minster of Natural Resources Ashti Hawrami said he would sit down with Oil Minister Abdul Karim Luaibi, one on one, and create a new draft based on a version...

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