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ECOPETROL S.A. reports on the decision adopted by the Court of the Southern District of New York on the arbitration ruling issued in favor of Refinería de Cartagena S.A.S.
EcopetrolEcopetrol(US:EC) Prnewswire·2025-01-17 03:25

Group 1 - Ecopetrol S.A. confirmed the arbitration award related to the EPC Contract with Chicago Bridge & Iron Company N.V. and its affiliates, resolving disputes in favor of Reficar [1][2] - The judicial decision from the Court of the Southern District of New York upholds the arbitration award, concluding a lengthy legal process for Reficar [2] - Ecopetrol is the largest company in Colombia, responsible for over 60% of the country's hydrocarbon production and holds significant positions in various energy sectors across the Americas [3] Group 2 - The company has expanded its operations internationally, with drilling and exploration activities in the United States, Brazil, and Mexico, and holds leading positions in power transmission in several South American countries [3]