Iraq Oil Report's Daily Brief compiles the most important news and analysis about Iraq from around the web.

Genel Energy increases Chia Surkh stake to 60 pct

Jamie Ashcroft reports for Proactive Investors:

Genel Energy (LON:GENL) today closed a deal to take control of the Chia Surkh block in the Kurdistan region of northern Iraq.

It has bought out venture partner Forbes & Manhattan (a subsidiary of Longford Energy) paying US$68 million for a 40 per cent stake.

Click here for the entire story