Valdez ( /vælˈdiːz/) 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 Fernández Bazán.