Colombia's bulk stateowned energy business Ecopetrol has actually held talks with huge players ahead of a potential bid in an overseas wind auction organized by the country's government, Chief Executive Ricardo Roa stated on Wednesday.

Roa was speaking during a call with experts relating to the business's financial results for the first quarter of 2024, where net revenue dropped 29% to 4.01 trillion pesos ($ 1 billion) on the back of lower sales and a reevaluation of the country's. peso.

Earlier this week the business informed Reuters it was conducting. technical, legal and financial analyses of potentially. participating in an overseas wind auction procedure to award areas. and licenses in the nation's Caribbean region.

We have actually currently made some contact with very large players in. the world who have the capacity and understanding for this kind of. technology advancement, Roa stated during the call.

Describing the business's fossil fuels business, Roa stated. Ecopetrol was thinking about buying gas possessions in Colombia from. Canadian operator Canacol amid the growing concern that. Colombia will lose gas self-sufficiency in five years.

This asset will be observed within the internal treatments. and protocols for examining these investment chances. within the Ecopetrol group, Roa stated, including that other assets. not owned by Canacol might make worthy investments.

Canacol did not instantly respond to requests for remark.

In 2015, Ecopetrol stated it was considering importing gas. from Venezuela, which Minister of Mines an Energy Andres Camacho. supported as an inexpensive solution to Colombia's looming gas. problems.

Ecopetrol continues to hold conversations with the U.S. Treasury Department's Office of Foreign Assets Control (OFAC). concerning sanctions and limitations troubled the Venezuelan. government and the country's state-owned energy giant PDVSA, Roa. added.