Ivan Mirzoev

Ivan Mirzoev (died 1880) was an Armenian businessman, the first person to drill oil in Baku and is considered one of the "founding fathers" of the Baku oil industry. He founded the Mirzoev Brothers oil company, which at the time had become one of the most effective and sustainable companies in the world oil industry. He was of Armenian descent.

Life Born into an Armenian family in Tbilisi, Ivan Mirzoev moved to Baku and began working in the silk trade. In 1855, he then opened a fishery company on the banks of the Caspian Sea, which employed 2,500 people.

Oil business In the years between 1821 and 1872, the Russian Czarist government maintained a monopoly over the Apsheron peninsula's oil fields. Mirzoev, who held concessions in Apsheron since 1863, immediately took up the opportunity to build his own drilling sites once the monopoly of the Russian government ended in 1872. This project made him the first exporter of petroleum out of Azerbaijan. This because the first successful oil drilling operation in Baku's history.

The success of the drilling of Mirzoev was the first element contributing to the Baku oil rush. Mirzoev eventually became a major purchaser of oil in and around Baku.

After Mirzoev's death, his wife Daria, sons Gregory and Melkon, and daughter Maria founded the oil industry and the partnership known as Brothers Mirzoev with a grand capital of 2.1 million rubles in 1886. The company remained active until 1918 when it was forced to shut down due to massacres against Armenians.