Friday, January 23, 2026
Iraq Moves To Revive Hamrin Oil Field With US Partner
Iraq Moves To Revive Hamrin Oil Field With US Partner
Shafaq News– Kirkuk Iraq’s Northern Oil Company discussed on Thursday investing in and developing the Hamrin oil field with US-based HKN Energy.
In a statement, the Company explained that talks focused on technical, economic, and contractual terms under Iraq’s licensing framework, including upgrades to surface facilities, improved reservoir management, and higher production efficiency.
Hamrin, which stretches across Kirkuk and Saladin province, is among northern Iraq’s long-underdeveloped fields. In mid-2025, the Iraq Oil Ministry signed a memorandum of understanding with HKN Energy to develop the field, targeting output of about 60,000 barrels per day and the capture of associated gas for power generation, according to ministry statements. The Oil Ministry did not immediately comment. https://www.shafaq.com/en/Economy/Iraq-moves-to-revive-Hamrin-oil-field-with-US-partner
🚨 Walkingstick Report: CBI Board Activates International Banking Partnerships & Signals Monetary Reform Readiness
🌍 Introduction: The Real Power Behind Iraq’s Monetary Reform
According to Walkingstick, the latest article coming out of Iraq is not just another banking headline — it is a direct signal from the highest monetary authority in the country.
This message is coming from the Board of Directors of the Central Bank of Iraq (CBI) — the very people who:
Control monetary reform
Decide exchange rate policy
Direct Governor Alaq on what to say and do
Negotiate directly with the United States of America
This is where real decisions are made.
🏦 CBI Board Discusses International Banking Partnerships
📄 Article Title:
“The Board of Directors of the Center for Banking Studies discusses activating international partnerships to support banking reform in Iraq”
This article confirms that Iraq is actively engaging international partners to modernize its banking system — a prerequisite for any meaningful monetary reform.
This is not future talk.
This is activation.
🌐 Compliance with Global Financial Standards Confirmed
🔑 Key Quote from the Article:
“These efforts are in line with… addressing the challenges of compliance with FATF, Basel and IFRS requirements, thereby… improving the readiness of Iraqi banks to integrate into the international financial system.”
What This Means:
FATF: Anti-money laundering & counter-terror financing
Basel: Global banking risk and capital standards
IFRS: International financial reporting transparency
Meeting these standards is mandatory for:
International banking
Cross-border settlements
Currency credibility
Exchange rate reform
⭐ Featured Snippet for Google Discover
Why are FATF, Basel, and IFRS compliance important for Iraq?
Compliance with FATF, Basel, and IFRS standards allows Iraqi banks to integrate into the international financial system, a key requirement for monetary reform and exchange rate credibility.
💰 Who Really Controls the New Exchange Rate?
Walkingstick makes this crystal clear:
“This is coming from the ones at the CBI that make all the decisions on the monetary reform, on the new exchange rate.”
Even more importantly:
“This is the board of directors that tell Alaq what to do and what to say.”
Key Takeaway:
Governor Alaq does not act independently
The CBI Board of Directors sets policy
Public statements are pre-approved and directed
Exchange rate decisions originate at the board level
This confirms institutional control, not political chaos.
🇺🇸 Negotiations with the United States
Walkingstick further states:
“These are the ones in negotiations with the United States of America…”
This is critical because:
U.S. oversight influences international banking access
Dollar-clearing compliance is essential
Sanctions risk must be eliminated
Global trust depends on U.S. cooperation
No international monetary shift happens without this alignment.
🛑 Iran’s Influence Is Being Blocked
One of the most powerful assertions in this report:
“Iran cannot spill into Iraq.”
This signals:
Stronger border and financial controls
Reduced external political interference
Increased sovereignty over monetary policy
This aligns directly with FATF and U.S. requirements.
⚖️ Savaya Committee Cleans Up Corruption
Walkingstick adds:
“Savaya is weeding out all the politicians that stole dinar…”
This is a massive reform signal:
Anti-corruption enforcement
Recovery of stolen funds
Accountability at high levels
Improved investor confidence
Currency reform cannot coexist with unchecked corruption.
❓ Q&A: Walkingstick Report Explained
🔹 Q: Who is directing Iraq’s monetary reform?
A: The CBI Board of Directors, not individual politicians.
🔹 Q: Why are international partnerships important?
A: They ensure global banking integration and credibility.
🔹 Q: What role does the U.S. play?
A: Oversight, compliance approval, and dollar-clearing access.
🔹 Q: Why is corruption cleanup necessary?
A: To protect the currency, banking system, and foreign investment.
📢 Final Thoughts: Institutional Readiness Is the Signal
This report confirms:
International standards are being met
Banking reform is active, not theoretical
Exchange rate authority is centralized and controlled
External interference is being neutralized
This is how serious monetary reform looks.
Watch the board.
Watch the standards.
Watch the system — not the noise.
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Walkingstick
Article: "The Board of Directors of the Center for Banking Studies discusses activating international partnerships to support banking reform in Iraq"
Quote: "These efforts are in line with... addressing the challenges of compliance with FATF, Basel and IFRS requirements, thereby...improving the readiness of Iraqi banks to integrate into the international financial system."
This is coming from the ones at the CBI that make all the decisions on the monetary reform, on the new exchange rate. This is the board of directors that tell Alaq what to do and what to say. These are the straight directors from the board of directors directing Alaq to say these words. These are the one in negotiations with the Untied States of America...
Iran cannot spill into Iraq. Savaya is weeding out all all the politicians that stole dinar in the past.
SUDANESE: WE HAVE UNANIMOUSLY DECIDED ON THE ARMS CONTROL LAW AND ARE NOW STUDYING THE IMPLEMENTATION MECHANISM
SUDANESE: WE HAVE UNANIMOUSLY DECIDED ON THE ARMS CONTROL LAW AND ARE NOW STUDYING THE IMPLEMENTATION MECHANISM
European ambassadors were informed of this.
During his meeting with the ambassadors of the European Union countries accredited to Iraq, Prime Minister Mohammed Shia Al-Sudani affirmed that the principle of restricting weapons to the state enjoys national consensus and has become acceptable and universally accepted. He pointed out that the discussion now revolves around the timing and implementation mechanism, noting at the same time that Iraq has made great strides in its relationship with the international coalition and has taken full control of the Ain Al-Asad base. He also noted that the number of coalition advisors in Baghdad has been significantly reduced, and concluded by saying that the mission at the Harir base in Erbil will be completely completed in September 2026.
Prime Minister Mohammed Shia Al-Sudani received the ambassadors of the European Union countries accredited to Iraq on Tuesday.
His Excellency affirmed that the 2025 elections represented a pivotal event in the history of the political process in Iraq, due to the integrity and smoothness of their conduct, and the extent of active participation, which indicated the return of some of the people’s confidence in the political process and the democratic system based on the peaceful transfer of power.
Mr. Al-Sudani explained that the government has carried out important structural reforms in various sectors over the past three years, and has been able to attract Arab and foreign investments and provide an attractive environment for the work of the local and foreign private sector.
His Excellency stated that the principle of restricting weapons to the state enjoys national consensus and has become acceptable and universally accepted, and the discussion now revolves around the timing and mechanism, which represents a clear positive development.
The following are the most important points from the Prime Minister’s speech:
The world is living in a state of instability and there has been an erosion of the international order based on laws and rules since World War II.
The return of the logic of force and wars and the imposition of one party’s will on others is very dangerous, and we are witnessing it today on a wide scale in more than one place.
The current internal and regional challenges call for the formation of a strong government capable of making decisions free from any internal or external dictates.
The priority now is to prevent institutional decline in this complex regional and international situation.
The Reconstruction and Development Coalition will be a key player in the political landscape of the next phase, given the popular mandate it has received.
We have contact with the Islamic Republic of Iran and the US administration in order to find a dialogue platform in Baghdad between Washington and Tehran.
We have come a long way in our relationship with the international coalition and have taken full control of Ain al-Asad base. We have significantly reduced the number of coalition advisors in Baghdad, and the mission at Harir base in Erbil will be fully completed in September 2026.
Iraq will remain an active partner in the international coalition to fight ISIS, and our coordination in the fight against ISIS continues.
Syria is experiencing an unstable situation, and we are concerned about the growing presence of ISIS elements and other extremist groups currently inside prisons.
We stressed the importance of a transparent and inclusive political process in Syria, and concrete steps and procedures to reassure all Syrian components by rejecting terrorism and extremism and respecting human rights.
Iraq views Syria and its stability as a top national and regional priority. A stable and unified Syria in which all its components coexist peacefully is a fundamental guarantee for the security of the region. Iraqi society is cohesive, our security forces are ready and capable of enforcing security, and our borders are secure. We took border security measures two years ago based on an advanced reading of events in Syria.
Security in Syria requires collective responsibility and genuine international cooperation.
Our position is firm in demanding an immediate end to the bloodshed in Gaza, a halt to the violations in Lebanon, and an end to the suffering of the Palestinian people.
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