Adds context on Permian assets in paragraphs 3-5

BOGOTA, Feb 5 (Reuters) - Shares in Colombia's majority state-owned energy conglomerate Ecopetrol ECO.CN fell 2.20% in early trading to 2,005 pesos ($0.48) each on Wednesday after the country's President Gustavo Petro called for the company to sell its U.S. fracking business.

Petro's comments late on Tuesday followed Monday's news that Ecopetrol had agreed to extend its joint venture with Occidental Petroleum OXY.N in the Permian basin in Texas. The company's New York ADRs also fell 2.84% to $9.57 per unit.

The assets in the Permian have shored up Ecopetrol's production as output elsewhere in the group has declined. Stripping out production from the Permian, Ecopetrol's output was lower in each of the three quarters it has so-far reported for 2024 versus the same periods in 2023.

In the third-quarter of last year - the most recent reported - the Permian basin operations accounted for close to 14% of Ecopetrol's production, coming in at 102,600 barrels of oil equivalent per day.

According to Ecopetrol, planned investment under the extended joint venture with Occidental could produce up to an additional 90,000 boed.

($1 = 4,153.54 Colombian pesos)

(Reporting by Nelson Bocanegra and Oliver GriffinWriting by Oliver Griffin)

((Oliver.Griffin@thomsonreuters.com; +57 304-583-8931;))