Azerbaijan State Oil and Industry University was established on November 14, 1920 as the Baku Polytechnic Institute named after M. Azizbayov according to a decree signed by Nariman Narimanov, the Chairman of the Azerbaijan Revolutionary Committee and Dadash Bunyadzadeh, the Commissioner of Public Education. ASOIU is one of the oldest, largest and most prestigious universities in Azerbaijan, celebrated its 100th anniversary in 2020.

It should be noted that Azerbaijan State Agrarian University, Azerbaijan Architecture and Construction University, Azerbaijan Technical University, Mingachevir State University and Sumgayit State University were established on the basis of the different faculties of ASOIU. So far, about 140,000 students have been educated from the University.