[7]It was founded on October 16, 1967, after an oil field had been discovered on a small forest clearing in the middle of the taiga marshland in 1961.

The name 'Yugansk' comes from the indigenous Khanty name of a small river near the city, neft' means oil in Russian, and gaz is natural gas.

The economy of the city remains petroleum-based, and was a major center for the Russian oil enterprise YUKOS, which owned Yuganskneftegaz.

[citation needed] On September 20, 2005 Dmitry Yegortsev, acting mayor of Nefteyugansk, was assaulted and wounded with a knife.

In 2010, 8 stores were opened with a trading area of 8.7 thousand square meters; 6 catering establishments for 383 seats.

Among the federal networks represented in the city, one can single out: Pyaterochka,[8] DNS,[9] Domostroy,[10] Red & White,[11] Wildberries.