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Ecopetrol S.A.

Company Detail

Description

Colombia's state oil company Ecopetrol is one of the four main petroleum producers in Latin America, and engages in the production, refining and transportation of oil and gas, as well as petrochemical activities. Its assets also include a full range of refined products, including gasoline, diesel, jet fuel, liquefied petroleum gas (LPG) and heavy fuel oils. In addition to its local operation, Ecopetrol conducts E&P in Peru, Brazil, Angola and the US Gulf Coast. The company has expanded its presence in the oil and gas industry through the acquisitions of Offshore International Group (2009), Oleoducto Central (2009), Hocol Petroleum (2009), Refinería de Cartagena (2009) and Equión Energía (2011). In June 2014, it formed a new unit in Germany, Ecopetrol Germany GmbH. Ecopetrol was formed in 1951 by the Colombian government as Empresa Colombiana de Petróleos. It adopted its current name in 2003.

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