In 1970, he graduated from Azerbaijan State Oil Academy. He has a Doctor of Philosophy in Geology-Mineralogy Sciences.
He started working in the field once he was employed by Xəzərdənizneft state concern in 1970. Starting from 1984, Aliyev was appointed the Chief Instructor of Department at the administration of Central Committee of Azerbaijan Communist Party. In 1989-1991, he worked as Director of the Economic-Social Issues Department.
In 1992, he appointed the Director of Ipesko representative office in Baku.
At the same time, he worked as a consultant at SOCAR conducting research work for geophysical and geological projects, consulted on exploration and development, transportation and refining of oil, et cetera In 1993, he was appointed the Chairman of Board of Director and President of State Oil Company of Azerbaijan Republic by President Heydar Aliyev.
He retained the post of the President until December 6, 2004 when he was appointed the Minister of Industry and Energy of Azerbaijan Republic. Rovnag Abdullayev replaced Aliyev as the head of SOCAR.