Ecopetrol announces the constitution of a new subsidiary that will be part of its Business Group

This Ecopetrol release was published using machine translation.

Ecopetrol SA (BVC: ECOPETROL; NYSE: EC) informs that the incorporation process of the company called Ecopetrol US Trading LLC, domiciled in Delaware, United States, whose main corporate purpose is the international commercialization of refined, petrochemical and industrial products, has concluded. , crude oil and natural gas from the Ecopetrol Group and from third parties, and which will have a subscribed share capital in accordance with the regulatory requirements of the North American jurisdiction. Ecopetrol SA is the indirect owner of 100% of the shareholding of Ecopetrol US Trading LLC, through its subsidiary Ecopetrol USA Inc.

The constitution of this new subsidiary is intended to strengthen the commercial presence of Ecopetrol SA in the North American and European markets, in order to generate new synergies, businesses and opportunities that allow it to continue growing with the energy transition and generating greater benefits and well-being. to their interest groups.

Ecopetrol US Trading LLC, together with Ecopetrol Trading Asia, incorporated in the
2021, will consolidate the internationalization of the commercial strategy of the Group
Ecopetrol.