Ecopetrol reported $23.8 billion in contracts for goods and services in 2025, a 4.8% increase from 2024. Of that amount, 96% went to national providers, bolstering the local industry. The approach aims to support projects and operations across various regions of the country.
Ecopetrol, Colombia's main oil company, ended 2025 with total contracts of $23.8 billion for goods and services, a 4.8% rise compared to the previous year. This figure underscores the company's dedication to strengthening its supply chain and backing its nationwide activities.
Out of the $23.8 billion, $22.8 billion—96%—was awarded to Colombian providers, emphasizing the role of the domestic industry in the firm's operations. Relative to 2024, this indicates stronger involvement of national firms in key contracts.
Jaime Andrés García Cuello, Ecopetrol's vice president of Administration and Services, stated: “Each year our supply model evolves with the contracting of goods and services that prioritize the integral development of providers, to incentivize and boost local and regional economies”.
Contracting with local business owners in the company's operational areas hit $5.7 billion in 2025, exceeding the $5.5 billion from 2024. The regional split featured: Central Region at $1.59 billion (28%), Andean East Region at $1.17 billion (20%), Orinoquia Region at $1.01 billion (18%), Foothills at $600 million (10%), Caribbean Region at $520 million (9%), and Bogotá at $870 million (15%).
The top local services contracted included equipment maintenance and repair, integrated services, management support, land cargo transport, and personnel transport. By the close of 2025, Ecopetrol had 7,975 active contracts worth $139.9 billion, engaging 3,521 providers.