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Ecopetrol creates port management unit (Colombia)
Colombia's state oil company Ecopetrol (NYSE: EC) has created a port management unit to cover increasing hydrocarbons production and requirements from foreign clients.


The department will oversee ports Pozos Colorados, Cartagena, Coveñas, Tumaco and Buenaventura, and river operations in Barrancabermeja Cartagena, the NOC said in a statement.


The port unit will fall under the transport vice presidency which will now be known as the transport and logistics vice presidency.


Other structural changes include combining operations and management; strengthening the oil pipeline management unit with supervisory offices in Cúcuta and Yopal; and creating a technical supervisory office within the transport development management unit and a commercial strategic area.


Ecopetrol aims the changes will help it meet objectives of its 2020 strategic plan which includes production of 1.3Mb/d.

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