Career
From 1999 to 2006,Sahil Babayev worked at the State Oil Company of the Republic of Azerbaijan (SOCAR),initially as a Senior Specialist and later as head of legal departament in the Foreign Investments Division. During this period,he was involved in the preparation of Production Sharing Agreements (PSAs),Shah Deniz and Baku-Tbilisi-Ceyhan and Baku–Tbilisi–Erzurum pipeline projects.
Between 2006 and 2009,he served as Assistant to the Deputy Chairman of the Milli Majlis (Parliament) of the Republic of Azerbaijan and acted as Coordinator of the EU–Azerbaijan Parliamentary Cooperation Committee,as well as the Committee on Natural Resources,Energy,and Environment.
In 2009,he was appointed as the Head of the Department for Foreign Investments and Aid Coordination at the Ministry of Economic Development [7] and in 2011 became Head of the Department for Cooperation with International Organizations.
From 2009 to 2014,he chaired the Supervisory Board of Tamiz Shahar (Clean City) JSC [8] ,co-chaired the EU–Azerbaijan Subcommittee on Trade and Economy,headed the Program Administration Office for EU Assistance Instruments,and served as a member of the Board of Directors of SOCAR Turkey Aegean Oil Refinery (STAR project).
On March 2014,he was appointed Deputy Minister of Economy and Industry by the Decree of the President of the Republic of Azerbaijan [9] and was reappointed as Deputy Minister of Economy on January 2016. [10]
In this capacity,he oversaw foreign economic policy,export promotion (AZPROMO),and transit coordination,represented the ministry in the Southern Gas Corridor project;chaired the Supervisory Board of AzerGold CJSC;and served on the Supervisory Board of the International Bank of Azerbaijan,as well as on the Board of Directors of the STAR project.
He also co-chaired intergovernmental commissions with Germany,the Czech Republic,Slovenia,Argentina and Brazil;served as Co-Chair of the Azerbaijan-Iran Working Group on financing the Resht-Astara section of the North-South Transport Corridor;and was a member of intergovernmental commissions with 19 countries.
By Decree of the President of the Republic of Azerbaijan dated 21st of April 2018,he was appointed Minister of Labour and Social Protection of Population of the Republic of Azerbaijan. [11] On 6 February 2025,he was released from this position and,at the same date,was appointed Minister of Finance of the Republic of Azerbaijan.
Mr. Babayev currently heads intergovernmental commissions with US,France,Hungary [12] ,Serbia [13] ,Romania [14] ,Montenegro [15] and Jordan.
