Public Joint Stock Company Varyoganneftegaz engages in the search, exploration, operation, production, and sale of oil, gas and gas condensate, petroleum products, and natural gas. It is also involved in the trade and procurement activities, as well as rental and management of owned and leased real estate; production and distribution of electricity; mining of common minerals, such as sand and peat; and production, transfer, and distribution of steam and hot water, as well as provides management services. The company was founded in 1993 and is based in Raduzhny, Russia. As of December 29, 2020, Public Joint Stock Company Varyoganneftegaz operates as a subsidiary of The Independent Petroleum Company.