Mikayıl Ismayil oghlu Ismayilov was born in 1964 in Chiyni village of Aghsu. In 1982, he graduated from Institute of the National Economy of Azerbaijan (now Azerbaijan State University of Economics) majoring in accounting. He continued his education at the Baku branch of Leningrad Finance and Economics Institute named after N. A. Voznesenskii in 1985 and graduated in 1988. Started his career at Oil Rocks and held various positions (accountant, deputy chief accountant, chief accountant, etc.) in oil and gas industry in the 1988-2003s. Major part of work experience is related to Heydar Aliyev Baku Oil Refinery. M. Ismayilov worked as a deputy director on economics and supply in that enterprise. He is Vice President of SOCAR since 2005. He is a member of New Azerbaijan Party.