Tehran, Jan 1, IRNA -- The Oil Ministry every month doles out $1.2 billion of its revenues as part of the funding for the subsidy reform plan, and this is visibly hurting the key industry, deputy oil minister Mansour Moazzami said. 'Major oil projects are suspended because of the amount we have to contribute to the (cash) subsidy program,' he said ...

[caption id="attachment_30928" align="alignright" width="210"] A file photo showing installations at an Iranian petrochemical plant[/caption] A senior Iranian energy official says European countries such as Italy, Spain and Greece have resumed imports of petrochemical products from Iran. Hassan Khosrojerdi, the head of the Oil, Gas and Petrochemical ...