419:
to five thousand legal monthly minimum wages, or about 2 billion
Colombian pesos (some US$ 904,000). Whereas, no one private company will be permitted to own more than 3 percent of the Ecopetrol shares put out for sale, and pension funds, mutual funds and pension autonomous' Ecopetrol funds not be able to acquire any more than 15 percent, during the first two rounds. After the Congress approval, the Acting President of Ecopetrol, Mauricio Salgar Hurtado, declared himself satisfied by the approval of the initiative which, as he said, "clears the future of the company".
475:
of cases presented to the committee. In 2006, Ecopetrol completed 35 activities to promote their human rights participation. Such activities included: 10 regional workshops on human rights and peace training, 2 workshops for basic human rights training, 5 regional (and 1 national) assemblies for employees and peace workers, 1 permanent assembly of the Civil
Society for peace, 13 meetings of the National Commission for Human Rights and Peace, 2 sub committee members for Human Rights and Peace training, and 1 diploma course in human rights.
1138:
986:
522:
536:
374:
Petróleos and made it
Ecopetrol S.A., a public stock-holding corporation, one hundred percent state-owned, associated with the Ministry of Mines and Energy, and governed by its by-laws contained in Notarized Document No. 2931, dated 7 July 2003, issued by the Second Notary Public of the Bogotá D.C. Circle. The transformation released the company from State functions as the administrator of the oil source and the ANH (
27:
211:
194:
177:
157:
316:") to the Colombian State on 25 August 1951 gave way to the Empresa Colombiana de Petróleos, which had been created in 1948 by means of Law 165 of that year. The growing company assumed the reverted assets of the Tropical Oil Co. that began oil activities in 1921 in Colombia with the implementation of the Cira-Infantas Field in the Middle
423:
the year 2011. Behind that, it will be possible to advance in the internationalization plan of the company and to execute projects of modernization of the refineries and of improvement of the quality of the fuels. The company will be able to penetrate into the research, development and marketing of clean-energy technology and into the
763:"Media Advisory: Experts Available - An Emerging Market Investors Shouldn't Ignore: Global Investors Looking for Alternatives Should Consider Colombia: The Next Chile, in Terms of Economic Strength and Growth New Political Stability; Positive Economic and Political Trajectory; Pro-Market Reforms; Burgeoning Stock Market and Inve"
439:
York Stock
Exchange (NYSE). Each ADS represents 20 ordinary shares of Ecopetrol common stock. The ADSs began trading that day on the NYSE under the ticker symbol "EC". JPMorgan Chase Bank, N.A. is acting as depositary for the ADS program and LaBranche & Co Inc. serves as the specialist for trading the ADSs.
435:
hydrocarbons will have a seat in the Board of
Directors. The selection of this representative must be established in the by-laws of the company. The next step is the selection of the investment banks which will valorize the company. The first round of stocks placement for Ecopetrol started on 27 August 2007.
474:
According to
Ecopetrol, they have created a National Commission and regional sub committees on Human Rights and Peace with the Unión Sindical Obrera (Worker's Union). Their activities have trained workers in peaceful coexistence and conflict resolution, leading to an increasingly effective resolution
381:
As of 2003, Ecopetrol S.A. began an era in which, with more autonomy, it accelerated its exploratory activities, its capacity to obtain results with a business and commercial vision and the interest in improving its competitiveness on the world oil market. Internationally the company operates also in
438:
In Nov. 2007, Ecopetrol held an initial public offering on the
Colombian Stock Exchange (BVC), which raised $ 5.7 trillion Colombian Pesos (US$ 2.8 billion) from the sale of a 10.1 percent stake. On 18 September 2008 Ecopetrol announced the listing of its American Depositary Shares (ADSs) on the New
422:
Now
Ecopetrol will be able to tackle an ambitious plan of investments estimated in 12.5 billion dollars for the next five years. These resources will allow it to intensify the exploration and to increase the own production up to reaching levels of 500,000 barrels (79,000 m) of oil equivalent in
418:
two houses approved in the night of Dec. 13 the bill of law in a session that extended for near eight hours. The initiative fixed limits for the participation of those who aspire to have shares of the company. Individuals who want to take part in the process will be able to acquire shares maximum up
373:
In 2003, the
Colombian government restructured the Empresa Colombiana de Petróleos, in order to internationalize it and make the company more competitive in the framework of the global hydrocarbon industry. Decree 1760, dated 26 June 2003 modified the organic structure of the Empresa Colombiana de
509:
issued a press release over concerns about
Ecopetrol's inadequate commitment to corporate social responsibility and mishandling of controversial projects within indigenous reserves, specifically dealing with the U'Wa indigenous people of eastern Colombia. The group also wrote a letter to JPMorgan
497:
Human Rights Watch claims that Ecopetrol along with Occidental Petroleum and Royal Dutch/Shell, took no action to address reports of extrajudicial executions and a massacre committed by the state forces assigned to protect the consortium's facilities. The companies’ response was that human rights
324:
The nationalization of Ecopetrol was not smooth and met with some opposition and skepticism as to how the company could in fact be able to keep up with the complex and expensive operations without outside expertise in the changing international market. A call for nationalization was nevertheless
455:
This document discusses the 2004 strike at Ecopetrol and the International Labour Organization's (ILO) address to review this strike. The ILO states that the strike could not have been declared illegal on substantive and procedural grounds and that the government should respect the order of the
442:
In July 2008, a Latin American investment advisor, the Compass Group, stated that Colombia has an industry growth in many areas including energy, agriculture, technology, infrastructure and manufactured products. In addition to GDP growth and investment climate, Colombia has commodities growth.
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Once Ecopetrol becomes a mixed stock-holding corporation (80 percent governmental and 20 percent private), it will continue to be directed by the Stockholders General Assembly, the Board of Directors and the President of Society. The Colombian departments (provinces) in which Ecopetrol extracts
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Refinery. Thirteen years later, it purchased the Cartagena Refinery, built by Intercol in 1956. In 1970, the company adopted its first by-laws, which ratified its nature as a state-owned commercial and industrial company, linked to the Ministry of Mines and Energy and fiscally supervised by the
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To guarantee the democratization of the company, the placement of stocks will include three rounds. Both first ones will be directed to the Colombian solidary sector, that is to say, the pension funds, cooperatives, workers and pensioned of Ecopetrol, territorial entities and the Colombians in
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with reserves estimated at 1.1 billion barrels (170,000,000 m). Thanks to this field, the company began a new era and in the year 1986, Colombia began to export oil again. During the 1990s, Colombia extended its oil self-sufficiency with the discovery of the giant
431:
general. The remaining stocks will be offered to the public and other companies. The Colombian Government will assure a budget of investment for the years 2007 and 2008 not lower than for 2006 (US$ 1.4 billion) fitted by the growth of the GDP.
320:
Valley. Ecopetrol undertook activities in the oil chain as a state-owned industrial and commercial company in charge of administrating the nation's hydrocarbon resources, and grew as other concessions reverted and became part of its operation.
309:. Even though there were attempts as early as 1941 for the Colombian government to legally take over the Tropical Oil Co., it was not until the expiration of the Concesión De Mares contract that a transfer of ownership would take place.
277:
Ecopetrol should not be confused with the US owned and operated Colombian Petroleum Co. (COLPET) and sister company South American Gulf Oil Co. (SAGOC), dating to the 1930s and taken over by the state owned Ecopetrol in the 1970s.
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This document discusses Occidental's human rights violations, including the XVIII Brigade which is reportedly funded by Oxy that has collided with paramilitary forces and alleged monetary donations to other armed forces.
510:
Chase, detailing discrepancies between Ecopetrol's current plans and activities and claims the company made in its statement to the Securities and Exchange Commission (SEC) about its operations in indigenous reserves.
55:
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Rovner, Eduardo. "La Fundación De La Empresa Colombiana De Petróleos." In Colombia Años 50: Industriales, Política Y Diplomacia. 1st ed. Bogotá: Universidad Nacional De Colombia, Sede Bogotá, 2002. 69
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violations were the responsibility of governments, and they did not announce any programs to ensure that their security providers do not commit human rights violations.
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market. Finally, Ecopetrol will not be forced anymore to assume fiscal charges different from the derivatives of its corporate purpose.
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to the Tropical Oil Company, which began operating in 1921 with the Infantas 2 well and the subsequent start of production of the field
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Olivella, Jorge. "Capitulo I, Capitulo II." In Ecopetrol, Historia De Una Gran Empresa. 1st ed. Bogotá: Ediciones Punto Llano, 1993. 36
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has joined together with Ecopetrol to test the Conflict Sensitive business practice tool risk analysis and management methodology.
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274:, Ecopetrol was ranked as the 313th -largest public company in the world. It was ranked 303 in 2012 by CNN Money.
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Ecopetrol is a major part of that commodities growth, as it has $ 60 billion to invest in oil development.
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In response to Ecopetrol's 2008 listing on the New York Stock Exchange, the environmental organization
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General Controllership of the Republic of Colombia. In September 1983, the discovery of the giant
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This document addresses the development of the first Peace Laboratory. It mentions that the
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843:"Ecopetrol and OXY attack the village population of the Centro - Barrancabermeja, Colombia"
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415:
338:
854:
8:
809:, Prince of Wales International Business Leaders Forum, 2006. (This report was funded by
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Ecopetrol and OXY attack the village population of the Centro - Barrancabermeja, Colombia
378:) or in English, the National Hydrocarbon Agency, was created to carry out the function.
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301:(VMM). The giant oilfield is located 11 kilometres (6.8 mi) south of the city of
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American Federation of Labor & Congress of Industrial Organizations (AFL-CIO),
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The company arose from the assets reverted from the "Mares Concession", awarded by
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900:"Investors Urged not to Buy Ecopetrol Shares on NYSE over Human Rights Concerns"
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The presidential signature in the law 1118 of 27 December 2006 was given after
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750:"Ecopetrol Lists American Depositary Shares on the New York Stock Exchange"
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A comparison of the structural changes that occurred because of Ecopetrol.
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845:, Media Release, November 20, 2007. (This media release is in Spanish)
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800:"Development, Peace and Human Rights in Colombia: A Business Agenda"
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266:. As a result of its continuous growth, Ecopetrol forms part of the
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1951 (Ecopetrol - created in 1948 by means of Law 165 of that year)
855:"Colombia: A Laboratory of War: Repression and Violence in Arauca"
708:, Ecopetrol History Page, accessed 7 June 2009. Archived from the
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Development, Peace and Human Rights in Colombia: A Business Agenda
913:"Amazon Watch to JPMorgan Chase Bank: Don't underwrite Ecopetrol"
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and about 500 kilometres (310 mi) northeast of the capital
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867:"Cambios Estructurantes Para Una Mayor Proteccion Sociobiental"
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arbitral tribunal regarding the reinstatement of the workers.
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Ecopetrol filing with the Securities and Exchange Commission
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Structural changes for better socioenvironmental protection
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132:
833:, Social Responsibility Report 2006, accessed July 2008.
402:, and in the Brazilian offshore, with offices based in
876:, undated, accessed July 2008. (Spanish version only).
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A Laboratory of War: Repression and Violence in Arauca
1304:
Non-renewable resource companies established in 1921
780:"Workers' Rights, Violence and Impunity in Colombia"
517:
571:"Felipe Bayón Pardo, nuevo presidente de Ecopetrol"
452:Workers’ Rights, Violence and Impunity in Colombia
262:) is the largest and primary petroleum company in
1289:Multinational companies headquartered in Colombia
678:República, Subgerencia Cultural del Banco de la.
328:In 1961, it assumed the direct management of the
1250:
733:"Ecopetrol ampliaría su operación internacional"
724:
1299:Companies listed on the Colombia Stock Exchange
1264:Companies listed on the New York Stock Exchange
494:Special Issues and Campaigns: World Report 1999
337:was announced. Ecopetrol, in association with
91:1921 (Tropical Oil Company - Mares Concession)
1120:
968:
752:, Ecopetrol Press Release, 18 September 2008.
390:, Texas, the Mexican Gulf of Mexico offshore
947:Financial Site of the Colombian Stock Market
949:. Information about the EC stock in Spanish
798:Lucy Amis, Adrian Hodges and Neil Jeffery,
680:"La Red Cultural del Banco de la República"
446:
1127:
1113:
975:
961:
1269:Companies in the S&P Latin America 40
902:, Amazon Watch Press Release, Sept. 2008.
312:The reversion of "De Mares Concession" ("
1284:Government-owned companies of Colombia
1251:
214:COL$ 244.250 trillion (2021)
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956:
677:
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197:COL$ 15.649 trillion (2021)
180:COL$ 29.698 trillion (2021)
1319:Energy companies established in 1921
915:, Media Release, 17 September 2008.
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942:Ecopetrol Official Site in English
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14:
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1274:Oil and gas companies of Colombia
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569:Radio, Caracol (17 August 2017).
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376:Agencia Nacional de Hidrocarburos
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270:and was ranked 346. In the 2020
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163:91.881 trillion (2021)
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887:"Corporations and Human Rights"
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1279:National oil and gas companies
857:, Amnesty International, 2004.
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602:. 21 July 2015. Archived from
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366:. The fields were operated by
1:
653:"Fortune Global 500 Rankings"
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1183:Bolsa de Valores de Colombia
1064:Empresa de Energía de Bogotá
7:
731:Tiempo, Casa Editorial El.
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465:Fundación Ideas para la Paz
16:Colombian petroleum company
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706:"Ecopetrol - Our History"
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447:Corporate accountability
354:in the foothills of the
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1089:Interconexión Eléctrica
1044:Colombia Stock Exchange
299:Middle Magdalena Valley
260:Colombian Petroleum Co.
824:"Corporate Governance"
502:Ecopetrol and the U'Wa
928:, September 12, 2008.
811:The Coca-Cola Company
1188:Cemex LatAm Holdings
1039:Cemex LatAm Holdings
889:, World Report 1999.
885:Human Rights Watch,
626:"Forbes Global 2000"
550:Transandino pipeline
251:, formerly known as
712:on 15 February 2012
416:Colombian Congress'
220:Number of employees
143:Fuels, Lubricants,
21:
1173:Banco de Occidente
990:Components of the
872:2007-02-04 at the
805:2008-09-06 at the
785:2009-06-19 at the
767:Centre Daily Times
314:Concesión De Mares
272:Forbes Global 2000
268:Fortune Global 500
19:
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789:, 9 January 2008.
761:Adria Greenberg,
368:British Petroleum
364:Llanos Orientales
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204:Total assets
104:Headquarters
34:Company type
1223:Grupo Éxito
1213:Grupo Argos
1178:Bancolombia
1069:Grupo Argos
1019:Bancolombia
924:Ecopetrol,
822:Ecopetrol,
600:"Ecopetrol"
82:Oil and Gas
1253:Categories
1218:Grupo Aval
1198:Davivienda
1084:Grupo Sura
1074:Grupo Aval
1054:Davivienda
737:Portafolio
637:31 October
556:References
406:, Brazil.
258:(English:
236:.ecopetrol
187:Net income
147:, Biofuels
123:Key people
1203:Ecopetrol
1059:Ecopetrol
343:reservoir
288:President
249:Ecopetrol
56:ECOPETROL
46:Traded as
1147:Colombia
870:Archived
827:Archived
803:Archived
783:Archived
710:original
514:See also
425:biofuels
400:Campeche
392:Veracruz
264:Colombia
140:Products
129:Chairman
115:Colombia
78:Industry
663:10 July
657:Fortune
610:7 March
396:Tabasco
388:Houston
386:, from
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297:in the
282:History
229:Website
152:Revenue
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88:Founded
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325:made.
307:Bogotá
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1158:Argos
994:Index
360:Andes
224:9,315
161:COL$
1143:IGBC
665:2012
639:2020
612:2019
398:and
382:the
350:and
255:S.A.
238:.com
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1208:ETB
588:SEC
339:Oxy
240:.co
234:www
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