As Iran is accepted back into the world community, this nation of incredible history has a huge untapped economic potential that could become a regional super power.

If one looks beyond the 1979 revolution, Iran’s history is amazing. The brilliance of Omar Khayyam is an example of the rich heritage.

[https://en.wikipedia.org/wiki/Omar_Khayy%C3%A1m]

Today’s Iran’s riches are based on its raw materials.

Reading the BP Statistical Review of World Energy

[http://www.bp.com/content/dam/bp/pdf/Energy-economics/statistical-review-2015/bp-statistical-review-of-world-energy-2015-full-report.pdf]

one can see the potential of Iran.

Proven Oil Reserves of 157.8 million barrels of oil, that is 9.3% to the world’s total reserves.

So if all the oil was extracted and sold today what would it be worth ?

157.8 thousand million barrels = 157,800,000,000 barrels

Crude oil today is worth $53.06 = £34.01

Thus:

157,800,000,000 barrels x £34.01 = £5,367,223,076,923

Yes, £5.367 Trillion. That is about 4 times the size of the UK annual GDP.

One can see the potential value of Iranian oil.