Valdez ( /vældiːz/) is a city in Valdez-Cordova Census Area in the U.S. state of Alaska. According to 2005 Census Bureau estimates, the population of the city is 4,020. The city is one of the most important ports in Alaska. The port of Valdez was named in 1790 after the Spanish naval officer Antonio Valdés y Fernandez Bazán.
Valdez is a fishing port, both for commercial and sport fishing. Freight moves through Valdez bound for the interior of Alaska. Sightseeing of the marine life and glaciers, together with both deep-sea fishing, and heli skiing support a tourist industry in Valdez. The oil from the Trans-Alaska pipeline is loaded onto ships at the Valdez oil terminal. It is sometimes called the Switzerland of Alaska.
Alyeska Pipeline Service Company is one of the biggest employers in town but it started to move several positions to its headquarters in Anchorage since the town council passed a resolution charging a tax to all the tankers coming into the port to be loaded with oil. This has had an impact in the population size and the economy.