• CERAWeek
  • March 18 - 22, 2024
  • About

Nicolás Azcuénaga Ramirez


Corporate Vice President, Strategy & Business Development

Nicolás Azcuénaga, is the corporate Vice President of strategy and business development of the Ecopetrol Group, a leading integrated energy and infrastructure conglomerate in Latin America. Mr. Azcuénaga is an international executive, with over 22 years of experience across a range of commercial, finance, business development and leadership roles. In 2021, he led the transaction to buy the government’s 51.4% stake in Interconexión Eléctrica S.A. (ISA) a conglomerate dedicated to energy transmission and infrastructure, before he served as CFO for Upstream Subsidiaries in Ecopetrol, accountable for the finance function of seven upstream subsidiaries in five countries. Prior to joining Ecopetrol Mr. Azcuénaga has held leadership positions for financial and commercial roles
in Colombia, United Kingdom, Uruguay and Brazil. Mr. Azcuénaga has served in several boards of directors and is a current board member of Rodeo Midland Basin USA, Intervial Chile and Innovaflora
Group in Spain. Mr. Azcuénaga holds a B.A. in Management from CESA University Business School with emphasis in finance and projects evaluation. In addition, he holds a diploma on anti-money laundering from Manchester University & International Compliance

Sessions With Nicolás Azcuénaga Ramirez

Tuesday, 7 March

  • 07:15am - 08:20am (CST) / 07/mar/2023 01:15 pm - 07/mar/2023 02:20 pm

    Latin American Upstream: Competitiveness in global markets

    Upstream Oil & Gas
    The Latin American upstream oil & gas industry is facing increasing competition in global markets due to current geopolitical factors as well as the ongoing energy transition, where a growing emphasis on carbon emissions reduction and the implementation of climate policies are creating added pressures. Despite these challenges, Latin America remains an attractive upstream investment destination, offering a number of competitive advantages. Chief among them is the region’s diverse range of energy resources, which include some of the world’s most exciting hydrocarbon “advantaged-barrel” hotspots, not to mention massive gas discoveries awaiting extraction and development. In this context of increased global competition, what unique opportunities and challenges does Latin America offer upstream operators? What steps are companies taking to adapt to this new reality? How will exploration activity in the region be impacted?