{"id":521757,"date":"2021-08-02T21:46:11","date_gmt":"2021-08-03T01:46:11","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/the-administrative-court-of-santander-revoked-the-fine-imposed-by-the-ministry-of-labor-on-ecopetrol\/"},"modified":"2021-08-02T21:46:11","modified_gmt":"2021-08-03T01:46:11","slug":"the-administrative-court-of-santander-revoked-the-fine-imposed-by-the-ministry-of-labor-on-ecopetrol","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/the-administrative-court-of-santander-revoked-the-fine-imposed-by-the-ministry-of-labor-on-ecopetrol\/","title":{"rendered":"The Administrative Court of Santander Revoked the Fine Imposed by the Ministry of Labor on Ecopetrol"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>BOGOT\u00c1, <span class=\"xn-location\">Colombia<\/span>, <span class=\"xn-chron\">Aug. 2, 2021<\/span> \/PRNewswire\/ &#8212; Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that it was notified of the decision issued by the Administrative Court of Santander that voided the <span class=\"xn-chron\">December 22, 2011<\/span> and <span class=\"xn-chron\">August 8, 2016<\/span> resolutions, respectively, through which the Ministry of Labor &#8211; Territorial Directorate of Santander, imposed a fine of sixteen million <span class=\"xn-money\">sixty-eight thousand pesos<\/span><span class=\"xn-money\">(COP16,068,000)<\/span>, on the occasion of the fatal accident of Mr. Oscar de Jes\u00fas Rodr\u00edguez, a Geoespectro SAS worker, an Ecopetrol contractor company. The Company had previously informed of such fine through a prior publication.<\/p>\n<div id=\"prni_dvprnejpg991dleft\" dir=\"ltr\">\n        <img decoding=\"async\" id=\"prnejpg991dleft\" title=\"Ecopetrol Logo.\" border=\"0\" alt=\"Ecopetrol Logo.\" align=\"middle\" src=\"https:\/\/mma.prnewswire.com\/media\/95646\/ecopetrol_s_a__logo.jpg\" \/>\n      <\/div>\n<p>In the judicial decision, the aforementioned Court declared that <i>&#8220;(\u2026) the rules on which the administrative act for the imposition of the sanction were supported were not applicable to ECOPETROL SA in view of the fact that this entity did not have the status of employer, nor as a supervisor; for which reason it is inadmissible to impute the breach (\u2026)<\/i>&#8221; and ordered the Ministry of Labor to return the value of the fine recognized by Ecopetrol as a reinstatement of its rights.<\/p>\n<p>\n        <i>Ecopetrol is the largest company in <span class=\"xn-location\">Colombia<\/span> and one of the main integrated oil and gas conglomerates in <span class=\"xn-location\">Latin America<\/span>, with more than 13,000 employees. It accounts\u00a0for more than 60% of the hydrocarbon production in <span class=\"xn-location\">Colombia<\/span>, and it owns the largest refineries and most of the\u00a0country&#8217;s oil-pipelines and multi-purpose pipelines\u00a0network.\u00a0It also participates in the commercialization of energy and in the distribution of gas. At the international level, Ecopetrol focuses on strategic basins on the American continent, with E&amp;P operations in <span class=\"xn-location\">the United States<\/span> (the Permian basin and\u00a0the\u00a0Gulf\u00a0of <span class=\"xn-location\">Mexico<\/span>), <span class=\"xn-location\">Brazil<\/span> and Mexico.\u00a0This press release contains statements relating to business prospects, estimates of operating and financial results, and\u00a0Ecopetrol&#8217;s\u00a0growth prospects. All are projections, and therefore are based solely on management&#8217;s expectations of the company&#8217;s future and its continuous access to capital to finance its sales plan. Achieving these estimates in the future depends on its performance under given market conditions, regulations, competition, the performance of the Colombian economy and industry, and other factors; therefore, they are subject to change without prior notice.<\/i>\u00a0<\/p>\n<p>\n        <b>For further details, please contact:<\/b>\u00a0<\/p>\n<p>\n        <b>Head of Capital Markets (A)<\/b>\u00a0<br \/>Lina Mar\u00eda <span class=\"xn-person\">Contreras Mora<\/span><br \/>Phone: +571-234-5190\u00a0<br \/>Email:\u00a0<a target=\"_blank\" href=\"mailto:investors@ecopetrol.com.co\" rel=\"nofollow noopener\">investors@ecopetrol.com.co<\/a>\u00a0<\/p>\n<p>\n        <b>Media Engagement (<span class=\"xn-location\">Colombia<\/span>)<\/b>\u00a0<br \/><span class=\"xn-person\">Alexandra Santamaria Molano<\/span><br \/>Phone: + 571-234-4329\u00a0<br \/>Email:\u00a0<a target=\"_blank\" href=\"mailto:alexandra.santamaria@ecopetrol.com.co\" rel=\"nofollow noopener\">alexandra.santamaria@ecopetrol.com.co<\/a><\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=IN62574&amp;sd=2021-08-02\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/the-administrative-court-of-santander-revoked-the-fine-imposed-by-the-ministry-of-labor-on-ecopetrol-301346567.html\">https:\/\/www.prnewswire.com\/news-releases\/the-administrative-court-of-santander-revoked-the-fine-imposed-by-the-ministry-of-labor-on-ecopetrol-301346567.html<\/a><\/p>\n<p>SOURCE  Ecopetrol S.A.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=IN62574&amp;Transmission_Id=202108022142PR_NEWS_USPR_____IN62574&amp;DateId=20210802\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire BOGOT\u00c1, Colombia, Aug. 2, 2021 \/PRNewswire\/ &#8212; Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that it was notified of the decision issued by the Administrative Court of Santander that voided the December 22, 2011 and August 8, 2016 resolutions, respectively, through which the Ministry of Labor &#8211; Territorial Directorate of Santander, imposed a fine of sixteen million sixty-eight thousand pesos(COP16,068,000), on the occasion of the fatal accident of Mr. Oscar de Jes\u00fas Rodr\u00edguez, a Geoespectro SAS worker, an Ecopetrol contractor company. The Company had previously informed of such fine through a prior publication. In the judicial decision, the aforementioned Court declared that &#8220;(\u2026) the rules on which the administrative act for the imposition of the sanction were supported &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/the-administrative-court-of-santander-revoked-the-fine-imposed-by-the-ministry-of-labor-on-ecopetrol\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;The Administrative Court of Santander Revoked the Fine Imposed by the Ministry of Labor on Ecopetrol&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-521757","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The Administrative Court of Santander Revoked the Fine Imposed by the Ministry of Labor on Ecopetrol - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/the-administrative-court-of-santander-revoked-the-fine-imposed-by-the-ministry-of-labor-on-ecopetrol\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Administrative Court of Santander Revoked the Fine Imposed by the Ministry of Labor on Ecopetrol - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire BOGOT\u00c1, Colombia, Aug. 2, 2021 \/PRNewswire\/ &#8212; Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that it was notified of the decision issued by the Administrative Court of Santander that voided the December 22, 2011 and August 8, 2016 resolutions, respectively, through which the Ministry of Labor &#8211; Territorial Directorate of Santander, imposed a fine of sixteen million sixty-eight thousand pesos(COP16,068,000), on the occasion of the fatal accident of Mr. Oscar de Jes\u00fas Rodr\u00edguez, a Geoespectro SAS worker, an Ecopetrol contractor company. The Company had previously informed of such fine through a prior publication. In the judicial decision, the aforementioned Court declared that &#8220;(\u2026) the rules on which the administrative act for the imposition of the sanction were supported &hellip; Continue reading &quot;The Administrative Court of Santander Revoked the Fine Imposed by the Ministry of Labor on Ecopetrol&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/the-administrative-court-of-santander-revoked-the-fine-imposed-by-the-ministry-of-labor-on-ecopetrol\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-03T01:46:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/95646\/ecopetrol_s_a__logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/the-administrative-court-of-santander-revoked-the-fine-imposed-by-the-ministry-of-labor-on-ecopetrol\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/the-administrative-court-of-santander-revoked-the-fine-imposed-by-the-ministry-of-labor-on-ecopetrol\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"The Administrative Court of Santander Revoked the Fine Imposed by the Ministry of Labor on Ecopetrol\",\"datePublished\":\"2021-08-03T01:46:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/the-administrative-court-of-santander-revoked-the-fine-imposed-by-the-ministry-of-labor-on-ecopetrol\\\/\"},\"wordCount\":421,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/the-administrative-court-of-santander-revoked-the-fine-imposed-by-the-ministry-of-labor-on-ecopetrol\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/95646\\\/ecopetrol_s_a__logo.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/the-administrative-court-of-santander-revoked-the-fine-imposed-by-the-ministry-of-labor-on-ecopetrol\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/the-administrative-court-of-santander-revoked-the-fine-imposed-by-the-ministry-of-labor-on-ecopetrol\\\/\",\"name\":\"The Administrative Court of Santander Revoked the Fine Imposed by the Ministry of Labor on Ecopetrol - 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(BVC: ECOPETROL; NYSE: EC) informs that it was notified of the decision issued by the Administrative Court of Santander that voided the December 22, 2011 and August 8, 2016 resolutions, respectively, through which the Ministry of Labor &#8211; Territorial Directorate of Santander, imposed a fine of sixteen million sixty-eight thousand pesos(COP16,068,000), on the occasion of the fatal accident of Mr. Oscar de Jes\u00fas Rodr\u00edguez, a Geoespectro SAS worker, an Ecopetrol contractor company. The Company had previously informed of such fine through a prior publication. In the judicial decision, the aforementioned Court declared that &#8220;(\u2026) the rules on which the administrative act for the imposition of the sanction were supported &hellip; Continue reading \"The Administrative Court of Santander Revoked the Fine Imposed by the Ministry of Labor on Ecopetrol\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/the-administrative-court-of-santander-revoked-the-fine-imposed-by-the-ministry-of-labor-on-ecopetrol\/","og_site_name":"Market Newsdesk","article_published_time":"2021-08-03T01:46:11+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/95646\/ecopetrol_s_a__logo.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/the-administrative-court-of-santander-revoked-the-fine-imposed-by-the-ministry-of-labor-on-ecopetrol\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/the-administrative-court-of-santander-revoked-the-fine-imposed-by-the-ministry-of-labor-on-ecopetrol\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"The Administrative Court of Santander Revoked the Fine Imposed by the Ministry of Labor on Ecopetrol","datePublished":"2021-08-03T01:46:11+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/the-administrative-court-of-santander-revoked-the-fine-imposed-by-the-ministry-of-labor-on-ecopetrol\/"},"wordCount":421,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/the-administrative-court-of-santander-revoked-the-fine-imposed-by-the-ministry-of-labor-on-ecopetrol\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/95646\/ecopetrol_s_a__logo.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/the-administrative-court-of-santander-revoked-the-fine-imposed-by-the-ministry-of-labor-on-ecopetrol\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/the-administrative-court-of-santander-revoked-the-fine-imposed-by-the-ministry-of-labor-on-ecopetrol\/","name":"The Administrative Court of Santander Revoked the Fine Imposed by the Ministry of Labor on Ecopetrol - 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