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.
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)

BAGHDAD - 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.

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