"Most of the oil producers support an extension of the agreement which reached among OPEC member-states last year," Zangeneh said on Sunday.
He reiterated that extending a crucial oil output agreement by world’s biggest producers helped stabilize prices in markets since its implementation.
In December 2016, the OPEC reached a landmark agreement with Russia and other non-members to proceed with the plan and slash oil production by nearly 1.8 million barrels a day for six months starting January 2017.
The agreement exempted key member Iran from the plan, allowing it to increase its production by 90,000 bpd to reach pre-sanction levels of around 4 million bpd.
Nigeria and Libya were also exempted from the planned output cut due to internal conflicts which have already decreased their crude production.