mo4ch:>Russia favored for half-trillion dollar Iranian oil project | Mo4ch News

With most US and European oil majors side-lined, the huge South Pars Oil Layer project will most likely go to a Russian or Chinese partner.Last week’s announcement from the director of integrated planning at the National Iranian Oil Company (NIOC) Karim Zobeidi that the South Pars Oil Layer (SPOL) project will be assigned to Iranian companies is just part of a holding position allowing for some development of the field whilst Iran can negotiate a deal with an international oil company (IOC) partner.Also on rt.comIran will give Europe two months to save nuclear deal - Rouhani“Right now we have reached a point where either the US will be persuaded to come back to the negotiating table to discuss re-engaging with the JCPOA [Joint Comprehensive Plan of Action] or it will be sidelined in this and Russia and China, and to a lesser extent Europe, will just go about their business with Iran regardless,” a senior oil and gas industry source who works closely with Iran’s Petroleum Ministry told…