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Colombia Politics - Brazil

Colombian Ecopetrol warns of risk of fuel shortages due to refinery blockades

By · May 26, 2021 · 2 min read

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RIO DE JANEIRO, BRAZIL – The Colombian state-owned oil company Ecopetrol warned on Wednesday, May 26, of the risk of fuel shortages due to blockades on the access roads to the Barrancabermeja refinery, the main refinery in the country, as part of the protests against the government.

Ecopetrol said that “a group of people, with the support of the Unión Sindical Obrera (USO)”, has been blocking the roads leading to the Barrancabermeja refinery yesterday, in the department of Santander, in the center-east of the country.

Colombian Ecopetrol warns of risk of fuel shortages due to refinery blockades
Colombian Ecopetrol warns of the risk of fuel shortages due to refinery blockades. (Photo internet reproduction)
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“The situation puts at risk the normal supply of petroleum fuels, violates the right to work, and prevents the free movement of workers and families residing in the refinery facilities,” warned the company in a statement.

Since April 28, Colombia has been immersed in a wave of protests by unions and social sectors against the government of President Iván Duque, and for this Wednesday, the fifth day of a national strike has been called. However, popular support for the demonstrators has diminished.

According to official data, 19 deaths have been confirmed in connection with the protests, out of 43 reported to the authorities.

The demonstrations have resulted in blockades of highways and avenues in many parts of the country, preventing the free circulation of people, food, medicines, or industrial supplies.

According to Ecopetrol, Colombia’s largest company, the load of the Barrancabermeja refinery is maintained at more than 200,000 barrels per day “with fuel deliveries following the country’s consumption”, but may be compromised.

“Hydrocarbon refining in Colombia is a public utility activity and constitutes an essential service for health care and passenger transportation. Its suspension puts fundamental rights at risk,” the company added.

Ecopetrol has two refineries, one in Barrancabermeja and one in Cartagena.

Live Company IntelligenceEcopetrol SA ADR — the full investor dossierInside: live share price, market cap, three-year financials, valuation, ESG and peer benchmarks — plus the latest Rio Times coverage.
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◆ Live Company Intelligence
Ecopetrol
NYSE: ECECOPETROLEnergyOil & Gas Integrated
$34.48B
Market cap
Analyst target $13.52

Wall Street view

2.5Hold/ 5
1 Buy6 Hold4 Sell
Avg. price target $13.52  ·  +6% vs 200-day

Valuation & profitability

Market cap$34.48B
Revenue (TTM)$125.67T
P / E ratio11.3
Profit margin7.5%
Return on equity12.0%

Price & risk

52-wk low
$7.90
52-wk high
$17.75
Beta (volatility)-0.01
200-day average$12.73

Revenue trend · 6y

20202025
Latest $111.48T

Ownership

Institutions1.3%
Shares outstanding2.06B
Top holderVanguard Group Inc
Institutional holders5+ funds

Dividend

Yield3.8%
Payout ratio74.3%
Fwd. annual$0.65
What Ecopetrol does. Ecopetrol S.A. operates as an integrated energy company. It operates through four segments: Exploration and Production; Transport and Logistics; Refining and Petrochemicals; and Energy transmission and Toll Roads Concessions. The Exploration and Production segment engages in the exploration and production of oil and gas. The Transport and Logistics segment is involved in…
Data: EODHD fundamentals (EC.US) · figures in USD · as of 2 Aug 2026More company intelligence →

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