{"id":1215,"date":"2015-08-05T06:50:24","date_gmt":"2015-08-05T06:50:24","guid":{"rendered":"http:\/\/asadkarim.co.uk\/?p=1215"},"modified":"2015-08-05T06:50:24","modified_gmt":"2015-08-05T06:50:24","slug":"the-oil-reserves-of-iran","status":"publish","type":"post","link":"https:\/\/www.asadkarim.co.uk\/?p=1215","title":{"rendered":"The Oil Reserves of Iran"},"content":{"rendered":"

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.<\/p>\n

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

[https:\/\/en.wikipedia.org\/wiki\/Omar_Khayy%C3%A1m<\/a>]<\/p>\n

Today’s Iran’s riches are based on its raw materials.<\/p>\n

Reading the BP Statistical Review of World Energy<\/p>\n

[http:\/\/www.bp.com\/content\/dam\/bp\/pdf\/Energy-economics\/statistical-review-2015\/bp-statistical-review-of-world-energy-2015-full-report.pdf<\/a>]<\/p>\n

one can see the potential of Iran.<\/p>\n

Proven Oil Reserves of 157.8 million barrels of oil,<\/strong> that is 9.3% to the world’s total reserves<\/strong>.<\/p>\n

So if all the oil was extracted and sold today what would it be worth ?<\/p>\n

157.8 thousand million barrels = 157,800,000,000 barrels<\/strong><\/p>\n

Crude oil today is worth $53.06 = \u00a334.01<\/strong><\/p>\n

Thus:<\/p>\n

157,800,000,000 barrels x \u00a334.01 = \u00a35,367,223,076,923<\/strong><\/p>\n

Yes, \u00a35.367 Trillion<\/strong>. That is about 4 times the size of the UK annual GDP.<\/p>\n

One can see the potential value of Iranian oil.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1215","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/1215","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1215"}],"version-history":[{"count":1,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/1215\/revisions"}],"predecessor-version":[{"id":1217,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/1215\/revisions\/1217"}],"wp:attachment":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1215"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1215"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1215"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}