Khandan -Kurdistan Regional Government announced that the territory's exports of crude oil dropped sharply recently because of continuing financial dispute with the Central Government in Baghdad.
Spokesman for the Kurdistan Regional Government Sven dzii told AFP that "the operating companies in the region are export stopped because the Government does not pay its dues amounting to 350 billion dinars".
"We have a Government and try to urge them to pay, and the Government does not pay."
And a spokesman for the Kurdistan Regional Government that "export did not stop completely until now with rates less than 5,000 barrels a day," he said, adding that "companies will not resume oil exports by the Government".
The KRG suspended its oil exports in the past due to non-payment of government benefits foreign companies operating in the territory, amounting to some 1.5 billion dollars, before announcing in August its intention to reopen export.
The two sides reached agreement in September stipulates that the territory of 140,000 barrels a day until the end of the month and to rise to 200,000 barrels for the remainder of the current year, in exchange for the Central Government to pay billion Iraqi dinars (about 833 million u.s. dollars).