It was founded in 1920 as the Higher Petroleum Technical School, with eight divisions, named after Mikhail Dmitrievich Millionshchikov [ru].

In 1942, the university was evacuated to Kokand, Uzbekistan due to the Great Patriotic War and began operating in Grozny again in 1943.

There are 10 departments, two of which are university-wide: The institute is located in the historic center of the city of Grozny in academic building No 2.

[5] It was the Chechen Republic's only higher educational establishment to prepare civil engineers as of December 2021.

[6] The institute is located in the main building of the university just across the Heart of Chechnya's Central Mosque.