OJSC Varieganneftegaz is engaged in crude oil exploration,petroleum refineing, whole sales of petroleum and petrochemicalsand development of fields located on the territory of WesternSiberia in Khanty-Mansiysk Autonomous Okrug. OJSC Varieganneftegazposses strong professional business relationships with top leadingrefineries in the Russian Federation such as ROSNEFT, TNK-BP.In 2008 OJSC Variganneftegaz produced 3,087 million tons of crudeoil petroleum and petrochemicals and 1.251 billion cubic meters ofgaseous products. At the Bakhilovskaya and Verkhnekolik-Yogan oilfields are under active development drilling. It commissioned 34new wells. Growth of production drilling amounted to 337 thousandtonnes of oil; at the expense of hydraulic fracturing - 316thousand tons of oil per month