Iran says it has discovered major reserves of shale oil in the western parts of the country with a top official saying that the reserves are the first that have a feasible potential for production.

Belarusian Company of Beloil Polska received a cargo of 600,000 barrels of Iranian crude oil at the port of Odessa in southern Ukraine.

Iran’s Oil Minister says he expects the country’s overall oil production capacity to reach around four million barrels per day (mb/d) by next March.