The state oil company Ecopetrol landed in Singapore with its subsidiary Ecopetrol Trading Asiathe office where business and operations will be concentrated between the oil company with the largest capitalization of the BVC and the buyers of raw material from Asia. Ecopetrol begins pilot tests with 5G technology in alliance with Claro and Accenture.
“This presence of Ecopetrol in Singapore allows us to reach the region that today receives between 50% and 60% of our crude oil, mainly China, India, Korea, Brunei and Singapore, of course”affirmed Felipe Bayón, president of Ecopetrol.
Ecopetrol opens office in Singapore
Asia is becoming the export destination for Colombian crude, which is why it is so important to have direct contact with Asians from Singapore.
“It is a source of pride that today we can be selling between 6 to 8 million barrels per month of Colombian crude oil that are received in the refineries of this region of the world, for Ecopetrol, a source of pride to now have a permanent presence with this office”Felipe Bayon added.
Ecopetrol already operates in 9 countries, becoming the most diversified oil group in Latin America.
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A few hours ago, the president of Ecopetrol shared that he was before CNBC Singapore talking about the company’s challenges.
Bayón pointed out that countries are increasingly concerned about energy sovereignty, for example, half of Ecopetrol’s production goes to Colombia and the other half abroad.
He also spoke about the energy transition that the company has in mind and that everything will depend on the path the world takes.
“Among the main challenges of the office in Singapore is entering new markets in the region and increasing sales volumes to other countries, such as Japan and South Korea”Ecopetrol said in a statement.
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