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PJSC Udmurtneft is the leader of the fuel and energy sector of the Udmurt Republic, which accounts for 60% of the region's oil production. The company is one of the largest taxpayers, employers and investors of the republic. The territory of production activity includes 14 municipal districts located in the north, south and the central part of Udmurtia.

The company was established in 1967. Since 2006, it has been managed by Rosneft and the Chinese petrochemical corporation Sinopec.

To date, the joint-stock company operates in 66 licensed sites. The company has 34 fields on its balance sheet, including 30 fields under development and 4 fields under exploration.

Udmurtneft provides a sustainable annual production level of over 6 million tons of oil. As of the beginning of 2019, the company's cumulative production exceeded 300 million tons of oil.