New interim president of Ecopetrol defines operational priorities and defends his independence after Roa's 'departure'
Juan Carlos Hurtado, president of Ecopetrol Photo: Paula Galeano / Portafolio
TL;DR
- Juan Carlos Hurtado, the new interim president of Ecopetrol, detailed strategic priorities in production, operational efficiency, energy transition, and portfolio review.
- The company will focus on financial sustainability through expense control and capital discipline, implementing efficiency programs across business lines.
- Initiatives include the development of the Windpeshi wind project and an electrolyzer in Cartagena for hydrogen production, alongside strengthening gas supply with projects like Sirius.
- Ecopetrol is reviewing its asset portfolio, considering divestments and partnerships, with ongoing evaluations for assets in the Permian Basin, USA.
- The company aims to maintain operational efficiency, as seen in the Barrancabermeja refinery reaching near-nominal capacity and the new sulfur granulation plant in Cartagena facilitating international market access.
- Hurtado affirmed that management adheres to a defined strategic and financial plan, overseen by the board, to ensure the company's sustainability.