Megion (Russian: Мегион) is a town in Khanty-Mansi Autonomous Okrug–Yugra, Russia, located at the altitude of 45 meters (148 ft) above sea level, on the right bank of the Ob River, 380 kilometers (240 mi) east of Khanty-Mansiysk and 760 kilometers (470 mi) northeast of Tyumen.

[14] Foundation and further town development became possible with the discovery of petroleum on this site.

It predetermined the construction of Megion and Nizhnevartovsk which both are now regarded as a major centre of oil producing.

On September 29, 1964, Megion was granted urban-type settlement status.

[3] Now the town is a center of the oil and natural gas industries.