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STARTED BY INOC OWN EQUIPEMENT AND TECHNICAL STAFF.THE FIRST PHASE OF THE DEVELOPMENT PROJECT WAS PLANNED FOR TEN OIL WELLS WITH PRODUCTION CAPACITY OF (5) MTA, WHILE THE SECOND PHASE WAS PLANNED FOR (18) OIL WELLS WITH APRODUCTION CAPACITY OF (18) MTA DURING 1974.WHILE THE THIRD STAGE OF DEVELOPMENT WAS LIMITED BY ACAPACITY OF (42) MTA.

IN 1970 INOC SIGNED A CONTRACT WITH A SPANISH COMPANY FOR SUPPLYING OF (7) OIL TANKERS OF (35) THOUSAND TONS CAPACITY.RESPECTIVELY APPROVED THE ESTABLISHMENT OF IRAQI OIL TANKERS COMPANY AS ASUBSIDIARY TO TAKE OVER CRUDE OIL TRANSPORTATION.IN 1968,INOC SIGNED A CONRACT WITH ERAB AFRENCH COPMANY FOR EXPLORATION,WHICH STARTED DRILLING OPERATION IN THE FIRST EXPLORING WELL IN SYABB FIELD SOUTH BASRAH GOVERNORATE,AND DEVELOPING MISSAN OIL FIELDS WORK IN BUZURGAN FIELD WITHIN THE PERIOD JULY 1969 TO MARCH 1971.THEN THE OPERATIONS OF ERAB WAS NATIONALIZED INOC ALSO SIGNED ANOTHER CONTRACT WITH ERAB IN APRIL 1971 TO CONDUCT ADESIGINING AND CONSULTING STUDY FOR DEEP TERMINAL PROJECT WITH APOTENTIAL TO RECEIVE A GIANT TANKERS OF (120) THOUSAND TONS CAPACITY AND MORE,THE TARGETED EXPORTING CAPACITY OF THE TERMINAL WAS (80)MTA.