- Iraqi Kurdistan's leading oil producer, Genel Energy, said on Friday it may halt exports after receiving no payment three days after Baghdad insisted a transfer of funds to the semi-autonomous region had begun.



Baghdad and the Kurdistan Regional Government (KRG) agreed last month to settle a dispute over oil payments after the northern region promised to continue exports and the central government said it would pay foreign companies working there.



"If we don't get paid, we will tell the KRG that we definitely want to cut (off) the exports," Genel Energy President Mehmet Sepil told Reuters. "We have not received any money."



Exports from Kurdistan have risen to 170,000 barrels per day (bpd) and the fields of Taq Taq and Tawke, where Genel Energy is involved, are contributing about 110,000 bpd.