Ecopetrol Announces Renegotiations of Collective Bargaining Agreements with Unions

Ecopetrol Moves Forward with Union Negotiations

Ecopetrol S.A., the largest oil and gas company in Colombia, announced on January 7, 2026, that it has initiated the renegotiation of its Collective Bargaining Agreements (CBAs) with several labor unions. This follows a formal complaint submitted by the Unión Sindical Obrera (USO) to the Ministry of Labor regarding the existing agreements. The process aims to address the demands and aspirations of various labor groups, including Adeco, Sindispetrol, Asopetrogas, Asteco, Trasine, Asintrahc, Sintramen, Sup, and Utipec.

The negotiations are crucial as they come within a legally-established timeframe per the Colombian Labor Code, which allows parties to renegotiate agreements through the Ministry of Labor. This development is seen as a positive move toward fostering a workplace environment that prioritizes the well-being of employees at Ecopetrol while maintaining the company's operational integrity.

Ecopetrol's commitment to dialogue is central to its approach, positioning respectful and constructive conversations as the bedrock of negotiations. The company recognizes that collaborating with unions is vital for ensuring that worker interests are safeguarded, while also reflecting on the socio-economic landscape of the nation.

Ecopetrol's Corporate Overview

Established as a key player in Colombia’s economic framework, Ecopetrol is responsible for over 60% of the country’s hydrocarbon production. The company plays a pivotal role in transportation, logistics, and refining of hydrocarbons, while also holding substantial market shares in petrochemicals and gas distribution sectors.

With over 19,000 employees, Ecopetrol not only contributes to national production but is also expanding its footprint globally. The acquisition of 51.4% of Interconexión Eléctrica S.A. (ISA) has allowed it to delve into energy transmission and manage real-time systems, enhancing its operational scope beyond Colombia.

Ecopetrol is engaged in various drilling and exploration projects across strategic basins in the Americas, including operations in the United States’ Permian Basin and the Gulf of Mexico, as well as in Brazil and Mexico. This international presence underlines the company's ambition and capacity to compete in the global energy market.

Commitment to Growth and Sustainability

As Ecopetrol enters this next phase of union negotiations, the company continues to affirm its dedication to responsible corporate governance and sustainable practices. The leadership understands that successful negotiations will not only enhance employee satisfaction but also contribute to the sustainable development of Colombia's energy sector.

The forward-looking statements in this release signal Ecopetrol's recognition of the evolving market dynamics and the potential challenges it may face. The company expresses a strong commitment to navigating through these uncertain circumstances by relying on its strategic planning and stakeholder engagement initiatives.

In summary, the renegotiation of Collective Bargaining Agreements illustrates Ecopetrol's proactive stance in engaging with labor unions, aimed at crafting agreements that honor employee contributions while paving the way for future growth and sustainability within the energy sector.