Last year, global oil prices more than halved due to concerns about oversupply in the global market, affecting energy-reliant economies, including Russia.
"Our increased export of oil will not create a problem. There is enough critical thinking on the market and it will regulate itself but we need to restore our share and our status on the market," Zanganeh told journalists at a Berlin summit on energy security.
The Islamic Republic looks to invest up to $120 billion in developing its oil facilities and infrastructure by 2022 as part of its plan to boost oil exports, according to Zanganeh.
Iran is awaiting the removal of US and UN sanctions imposed on the country over fears it might be developing nuclear weapons under the guise of a civilian nuclear energy program.
Last month, Iran agreed to cut back its uranium enrichment and let international monitors verify the process as part of a framework agreement with the P5+1 group, comprising China, France, Russia, the United Kingdom, the United States and Germany.
