New customers of Iran's oil, including France’s Total, Italy's Eni and Russia's Lukoil are transferring oil from Iran to Europe, Zangeneh said in an interview with the London-based Argus Media.
He referred to Iran’s oil export destinations in southeastern Asia, saying that Tehran plans to diversify its oil markets and export oil to Africa and Europe, including Northern Europe.
Zangeneh also said that Iran is planning to increase the capacity of oil production to 4.7 million bpd in the long-term, adding that Iran will be bound to OPEC decision for oil cut.
Recent reports said that South Korea considerably increased its crude oil imports from Iran in the first three months of 2017 as compared with the corresponding period of the last year.
Iran boosted its crude exports to South Korea by 104.5 percent in January, February and March, official data showed.
South Korea’s customs data also showed that the country imported 18.54 million barrels of crude from Iran.
The rise in Iran’s oil sales to South Korea came as the member-states of the Organization of the Petroleum Exporting Countries (OPEC) started to implement a plan to curb production by about 1.2 million barrels per day from the beginning of January.