Iran is planning to pour this money into the economy, and invest heavily into its vital, but outdated, oil sector. It wants to quickly reclaim its share of the global oil market and plans to increase the output by as much

as 1.5 million barrels a day by the end of this year.

Iran has the world's largest combined reserves of oil and natural gas oil.

"Iran can be one of the best sources of energy security, especially for Europe,