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Juan Pablo Ramírez

Research Analyst at Banco da Vivienda

Juan Pablo Ramírez is an analyst with experience in corporate finance at Banco Davivienda, specializing in financial operations and strategy within the Colombian banking sector. His responsibilities have included financial modeling and credit analysis, contributing to several digital and innovation initiatives for the bank’s corporate and SME clients. Ramírez’s career began at Banco Davivienda and he later took on advanced roles in finance and operations, leveraging his skills in digital business management. He holds a Digital Master in Business and brings a proven track record of supporting high-value banking solutions that drive efficiency and growth in emerging markets.

Juan Pablo Ramírez's questions to ECOPETROL (EC) leadership

Question · Q4 2025

Juan Pablo Ramirez asked about the potential impact of closing the Hormuz Strait on gas prices imported by Colombia from the U.S. and Trinidad Tobago. He also inquired about the development status of the regasification and gasification system in Coveñas and its expected start of operations.

Answer

Bayron Triana, Executive Vice President of Energy for Transition, stated that gas import impacts depend on the importing company, not Ecopetrol, and Ecopetrol's spot purchases for infrastructure are covered by long-term contracts to mitigate effects. He reported that the Coveñas plant has environmental permits, is working with the carrier, and the initial 110 million cubic feet phase was canceled in favor of a 400 million cubic feet phase, expected to be operational by the end of 2028.

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Question · Q4 2025

Juan Pablo Ramirez asked about the potential impact of closing the Hormuz Strait on gas prices imported by Colombia from the U.S. and Trinidad Tobago. He also inquired about the development and operational timeline of the Coveñas regasification and gasification system.

Answer

Bayron Triana, Executive Vice President of Transition Energies, stated that gas import is handled by a third-party company, but Ecopetrol's long-term contracts for Pacific and Caribbean infrastructure mitigate spot market impacts. He confirmed that the Coveñas plant has environmental permits, is working with the carrier, and expects the 400 million cubic feet phase to be operational by the end of 2028, after the initial 110 million cubic feet phase was canceled.

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Question · Q3 2025

Juan Pablo Ramírez inquired about any developments regarding the possible acquisition of Camacol.

Answer

VP of Strategy and New Businesses Julián Lemos stated that due to confidentiality, he could not discuss the potential topic of Camacol's acquisition.

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