In 1884 in Baku was founded the special enterpriser organization “Baku oil industrialist Council”. This Council was headed by Ludwig Nobel till 1888. In 1888 in Baku oil industrialists convention was decided to found a paper-journal “Oil work”. Since January 10, 1899 this paper-journal was issued twice in a month. Afterwards, beginning from May 1920, the journal was renamed into “Azerbaijan Oil Industry” and started to be issued monthly.

The founder of “Azerbaijan Oil Industry” journal is State Oil Company of Azerbaijan Republic (SOCAR).​​​​​​​