Iraqi Kurdistan expects an initial payment of 1 trillion dinars ($858 million) from Baghdad to clear next week after the two sides settled their dispute over payments to oil producers, Oil Minister Ashti Hawrami said on Monday.

The autonomous region's exports will resume in October at 200,000 barrels per day and continue at that rate until the end of 2012, then rising again, Hawrami told reporters at an energy conference in Istanbul.

"By 2015, we are looking at 1 million barrels per day. We're on track, regardless of whether exports stop again," he said.

Baghdad and Kurdistan agreed earlier this month to end an oil payment dispute after the latter pledged to continue exports and Baghdad said it would pay foreign companies working there.