The majority of the area of the okrug is covered with forests. The total area of the forest lands is 49 mln ha, i. e. 4.3% of the forest lands of the country. The area of softwood within the okrug exceeds 22.5 mln ha, i. e. 4 % of softwood forests of the Russian Federation. Ugra forests and swamps are rich in cranberry, redberry, blueberry, swamp blueberry, currant, cloudberry, raspberry, dogrose, bird cherry, ashberry, and mushrooms. 148 kinds of medical plants are growing here, including 66 that are used in official medicine.
Freshwater is among important resources of the region. The river network of the okrug consists of the great Siberian Rivers Ob and Irtysh. 29 kinds of fish live in the water bodies, including high-priced species: sturgeon, sterlet, nelma, muksun, broad whitefish, and peled.
The okrug is the main oil and gas province of the Russian Federation. 44 companies carry out oil and gas production in the autonomous okrug, whereof 29 are part of vertically integrated oil companies, 15 are independent companies.
Since the beginning of the oil field development in the autonomous okrug (since 1964) as of July 1, 2018, the cumulative oil production is 11.5 billion tons. The share of Ugra in the all-Russian oil production is 43.0%.
In 2018, in the autonomous okrug, 3 new fields were brought into development, 9 subsoil plots with total recoverable oil reserves of more than 31.0 million tons were transferred for use.
Estimated oil production following the results of 2018 corresponds to the volume of 2017 – 235.3 million tons.According to electrical generation, Ugra is in the leading position among the constituent entities of the Russian Federation. In 2018, the electrical plants of Ugra produced 93.6 billion kWh of electricity, of which 76.3 billion kWh of electricity was the okrug’s own consumption.
Vast natural opportunities of the region are not restricted by the enormous amount of oil and gas. Gold and quartz are produced in Ugra. In the mountain part of the region, on the Eastern slope of the Nether-Polar Urals iron ores were discovered, the estimated resource potential of which is hundreds of millions of tons, coal, occurrences of bauxites, copper, zinc, chromium, manganese, and rare metals.
In the autonomous okrug, there is a crystal glass subprovince, where a set of deposits and occurrences of raw quartz were revealed.
The main types of produced common mineral deposits are sands for leveling works, and to a lesser extent, black dirt.