The First Vice President of SOCAR
Vice president - for economic issues
First Vice-President of the State Oil Company of the Republic of Azerbaijan, Acting President of SOCAR
Vice president - for investments and marketing
Vice president - for HR, IT and regulations
Vice president - of oil, gas production and transportation
Vice president - of social issues
Vice president - for ecology
Vice president - for field development
The First Vice President of SOCAR
Khoshbakht Yusifzade the first vice-president of SOCAR, was born in 1930 in Pirshagi village of Baku. In 1952 he graduated from the faculty of oil and gas field geology and exploration of the Azerbaijan Institute of Industry (now Azerbaijan State Oil Academy) and started his career as a geologist and mining engineer in Baku office of the Oil Industry Ministry of USSR and later he joined the newly-opened office for offshore oil fields development as a senior engineer and head of section. In March 1954, Khoshbakht Yusifzade was appointed to the post of senior geologist in Neft Dashlary (Oil Rocks) and since he has been known as one of the first project managers in offshore oil field development. In 1958-1959, he worked as a senior geologist in central scientific research and production section in Neft Dashlary and in 1959-1960 as a section manager. He occupied the post of deputy chief and senior geologist in oil fields office from September 1960 till October 1963 and then was appointed to the post of deputy senior geologist and chief of geological survey department in offshore oil production association “Denizneft” where he worked till 1970. In 1970-1993, he worked as a deputy chief and senior geologist in production associations of the Caspian oil fields, Caspian oil and gas industry, Caspian oil and gas fields. He occupied the posts of the first vice-president of the National Group of Companies “Azerineft” and adviser to SOCAR President in 1992-1994 and SOCAR Vice President on Geology, Geophysics and Field Development in 1994-2004, SOCAR First Vice President on Geology, Geophysics and Field Development in 2004-2016. According to the Order issued by President of the Republic of Azerbaijan Ilham Aliyev in 2016, he was appointed to the post of SOCAR First Vice President.
In 1960, Khoshbakht Yusifzade received Ph.D degree in geology-mineralogy defending thesis on oil fields and horizons and useful exploration of oil facilities in south-western part of Neft Dashlary.
In 1987, he became Doctor of Sciences defending thesis on offshore oil and gas field development at the Moscow Institute of Geology and Energy Resources Development.
In April 2007, he was elected full member of the Azerbaijan National Academy of Sciences. Yusifzade led the projects on development of more than 20 oil and gas fields in Azerbaijani, Turkmen and Russian sectors of the Caspian Sea, as well as world-renowned “Azeri”, “Chirag” and “Guneshli” fields and played important role in exploration of “Azeri-Chirag-Guneshli” block, “Ashrafi” (1998), “Garabagh” (1998), “Shah-Deniz” (1999), “Umid” (2010), “Absheron” (2011) fields.
Yusifzade is an author of 188 research works, 12 studies and 8 inventions which contributed to discovering and exploring oil and gas-condensate fields. He developed theoretical basis of offshore oil and gas field development. His research works jointly developed with the think tanks of the Azerbaijan National Academy of Sciences were successfully practiced.
He worked at the Academy’s Oil Expedition and Deepwater Oil and Gas Field Problems Institutes elaborating the projects on estimation and development of offshore oil and gas resources. He was a member of the Technical Committee of the USSR Ministry of Gas Industry, Research Council of the Geology Institute of the Azerbaijan National Academy of Sciences and in 1975-1988 led the state examination commission at the Azerbaijan Oil and Chemistry Institute (now Azerbaijan State Oil Academy).
He delivered reports on offshore oil and gas field exploration and development of the fuel and energy complex at the scientific conferences and symposiums held in Azerbaijan and other countries and successfully demonstrated the achievements of the Azerbaijani oil scientists.
In 2004 he published his book “Years and signs of my life” and bibliography “Academician Khoshbakht Yusifzade” was published in 2007. Two years later the International Academy of Sciences on Turkic World Research published this bibliography in Turkey in four languages (Turkish, English, Russian and Azerbaijani). Second edition of the book “Years and signs of my life” was released in 2010.
Khoshbakht Yusifzade is an Academician of the Azerbaijan National Academy of Sciences, Honorary Academician of the Russian International Engineers Academy, Academician of the International Academy of Sciences on Turkic World Research, foreign member of the Georgian National Academy of Sciences, member of the presidium of the High Certification Committee under the President of the Republic of Azerbaijan, member of the editorial office of the periodicals “Oil Economy of Azerbaijan”, “New developments in Azerbaijani geophysics”, Azerbaijan National Encyclopedia, member of the Azerbaijan National Committee of Geophysics, Azerbaijan Society of Oilmen-Geologists, American Association of Petroleum Geologists, European Association of Geoscientists and Engineers.
Khoshbakht Yusifzade was awarded the highest prizes and titles of honor, as well as “Istiqlal” (Independence) medal in 2000, Order of Glory in 2004 on the occasion of 10 years of the “Contract of the Century”, Medal of Honor and UNESCO Medal in 2010 together with a group of SOCAR experts. His name was added to UNESCO encyclopedia. In 2008 Khoshbakht Yusifzade was awarded the Gold Star Medal of the International Academy of Sciences on Turkic World Research for his contribution to the development of sciences, education and economy in the Turkic world, became “Person of the Year” and in 2011 he was awarded the title of Honorary Scientist of the Turkic World.