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

Rumors pump KRG contracts

Robert Perkins reports for Platts:

Gulf Keystone Petroleum, the UK-listed explorer developing a large oil field in northern Iraq, saw its shares surge to record highs early Monday following a report that ExxonMobil is considering a bid for the company.

Without citing sources, the UK's Independent on Sunday reported over the weekend that ExxonMobil is considering a GBP7 billion ($10.9 billion) takeover bid for Gulf Keystone.

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