Lake Urmia, the second largest hypersaline lake by area in the world, has fluctuated in salinity over time, but in recent years, it has reached a maximum of 340 g/L. The lake is the main habitat for the endemic Iranian brine shrimp, Artemia urmiana, and is a protected aquatic environment. Efforts have been made by the Iranian government to enhance the diversity of its wildlife. One approach has been to look for a method to reduce the salt content of the lake. We investigate the feasibility of this by first considering the water chemistry of Lake Urmia and then the various technologies used to extract salt from marine and brackish waters. Average concentrations of Na, Mg, K, Ca, Cl, SO₄, and HCO₃ were 125 g/L, 11.3 g/L, 2.63 g/L, 0.55 g/L, 216 g/L, 22.4 g/L, and 1.38 g/L, respectively, and cations and anions were balanced, However, Lake Urmia waters have a ‘very high’ salinity hazard and a high sodium adsorption ratio (SAR). Moreover, the saturation index (SI) for each of the major cations was greater than zero, indicating that the water in Lake Urmia is supersaturated, and precipitation is likely. The extraction of available salts from the lake for the use in petrochemical industries is economically feasible. However, technologies based on removing salts by distillation or reverse osmosis and then using this fresh water to dilute lake salinity are problematic. A better strategy would be better to allow more fresh water to reach the lake rather than creating fresh water through reverse osmosis and distillations processes. While concerns have been raised about the salinity tolerance of A. urmiana, it has successfully tolerated various salinity ranges from 166 to 340 g/L, and so the species is not threatened, unless the lake desiccates. Because the lake is saturated with salts, it seems unlikely that salinity could increase much higher.