The six governors of Colombia’s oil-producing departments – Arauca, Boyacá, Casanare, Huila, Meta, and Santander – formally ratified Ricardo Rodríguez Yee as their nominee for the board’s eighth seat, filing a letter with the Finance Ministry on August 26.
Ecopetrol’s board of directors approved the departure of five senior executives on August 27th, effective August 31th, with each position filled on an interim basis while the company defines permanent appointments.
President Abelardo De la Espriella’s government has finalized the single slate of nominees it will present at Ecopetrol’s extraordinary shareholders’ assembly on September 15, aimed at renewing the company’s board of directors.
Technically it’s over. Practically speaking, it isn’t. Gustavo Petro was still president of Colombia in July and his temporary substitute for Ricardo Roa will be there until the end of the third quarter. Even if he leaves directly after the board meeting at the end of September, he will have been in charge for virtually all of the quarter.
Ecopetrol’s Barranquilla and Cartagena refineries strengthened their fuel and petrochemical output in the first half of 2026, with total refining throughput averaging 428,000 bd, up 5.9% (24,000 bd) year-on-year.
The De la Espriella government is expected to call an Extraordinary Shareholders’ Assembly for Ecopetrol in late September, aimed at advancing changes to the company’s board of directors.
President Abelardo De la Espriella ordered the Armed Forces and National Police to launch a joint operation against hydrocarbons theft, coordinated with Ecopetrol, the Fiscalía, and other authorities “to comprehensively attack this criminal economy.”
Ecopetrol’s board, chaired by Luis Felipe Henao and backed by the De la Espriella government, approved a forensic audit into five major corruption scandals involving contracts and appointments, including the previously reported Termomorichal I/II and Gaxi cases and alleged interference by former first lady Verónica Alcocer and a contractor known as “el bachiller.”
Ecopetrol confirmed it has completed acquisition of a majority stake in Brazil’s Brava Energia, executed through subsidiary Ecopetrol Investimentos do Brasil Ltda after satisfying all closing conditions and regulatory requirements.
Ecopetrol deployed education and infrastructure initiatives reaching more than 447,000 students and teachers across 47 municipalities in 17 departments between 2023 and 2025.
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