DIAN notified Ecopetrol of Resolution 000571 confirming a CoP$5.3T sanction (including interest and penalties) related to 19% VAT on gasoline imports between 2022-2024, escalating the ongoing legal dispute between Colombia’s tax authority and the state oil company.
Colombia’s potential role in Venezuelan reconstruction—particularly through energy sector initiatives led by Ecopetrol—emerged as a central topic during President Gustavo Petro’s nearly two-hour meeting with President Donald Trump on February 4, 2026, according to Colombian Ambassador Daniel García-Peña.
Ecopetrol’s incoming board of directors inherited a contested and unresolved legal services contract with Washington-based law firm Covington & Burling, after the Comptroller General’s Office (General Controllers Office) issued formal audit findings warning of governance failures and a potential US$1.592 million fiscal risk stemming from the contract’s suspension.
Despite facing formal charges from the Attorney General’s Office over alleged campaign finance violations and a luxury apartment purchase, Ecopetrol president Ricardo Roa is unlikely to be removed—and markets may actually prefer it that way, according to a leading equity analyst.
Colombia’s General Controller (Contraloría General de la República) flagged a presumed loss of CoP$86.054 billion in two Ecopetrol contracts following a 2024 audit, raising fresh concerns about oversight and project management at the state oil company, La República reported on January 19, 2026.
The Administrative Court of Cundinamarca has admitted a public interest lawsuit against Ecopetrol and the Ministry of Finance aimed at blocking any potential sale of the state oil company’s Permian Basin assets in the United States, Valora Analitik reported on January 28.
Colombia’s Attorney General announced February 9 it will file formal charges against Ecopetrol president Ricardo Roa on two separate cases, one stemming from his role as campaign manager for Gustavo Petro’s 2022 presidential bid. The charges mark an escalation from administrative sanctions to criminal proceedings that could reshape leadership at Colombia’s largest company.
Ecopetrol President Ricardo Roa confirmed the company’s Permian Basin field in Texas could be among assets under evaluation for divestment, responding to government opposition to fracking technology. The field, acquired under 2020 contracts, requires operational agreement updates and strategic decisions on future extraction.
Mónica de Greiff, former president of Ecopetrol’s Board of Directors, explained in an extensive Revista Semana interview the circumstances surrounding her October 2025 resignation after initially attempting to resign in May 2025.
Ecopetrol’s Board of Directors approved a 2026 Annual Investment Plan ranging from COP$22T to COP$27T, confronting a challenging environment marked by declining profits, low oil prices, and structural exploration restrictions.
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