(Ecopetrol, 16.Nov.2022) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) has completed the formal process for establishing a new subsidiary, Ecopetrol US Trading LLC, domiciled in Delaware, USA. The main focus of the new subsidiary is the international marketing of refined, petrochemical and industrial products as well as crude oil and natural gas from the Ecopetrol Group and third parties. Ecopetrol S.A. indirectly owns 100% of the share capital of Ecopetrol US Trading LLC through its subsidiary Ecopetrol USA Inc.
This new subsidiary is expected to strengthen Ecopetrol’s sales and marketing presence in the North American and European markets and establish new synergies and businesses opportunities that would enable its continued growth through the energy transition and generate greater benefits and welfare to its stakeholders.
Ecopetrol US Trading LLC, together with Ecopetrol Trading Asia established in 2021, will enhance and strengthen the internationalization of the Ecopetrol Group’s commercial strategy.