Colombian regulator closes competition probe into Ecopetrol and subsidiaries
EC•Colombia’s competition regulator closed its investigation into Ecopetrol and subsidiaries CENIT and OCENSA, eliminating potential fines totaling approximately COP 525.27 billion. The decision may be challenged within 10 business days of notification.
1. Probe closed
The regulator found no evidence that Ecopetrol, CENIT or OCENSA coordinated or favored bidders in helicopter-services contracts awarded between 2011 and 2023, concluding that procurement processes were competitive. The investigation opened in 2024, and the closure remains subject to a motion for reconsideration within 10 business days of notification.
