Araqi, who is also deputy petroleum minister in gas affairs, said along with China, European firms are also in talks with NIGC for winning shares of Iran's $20bn gas market.
He said Iran's gas sector can absorb over 20 billion dollars of investments by Iranian and foreign financiers, saying, "So far, numerous investment packages in a range of fields including gas refining, storage, measuring, technical and engineering services are defined and construction of the 9th and 11th IGATs are considered [by NIGC]."
"For the time being, there are no purchasing agendas considered by NIGC," he added.
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