Colombia SIC files case against Ecopetrol, Cenit, Ocensa; $525M fine risk

Colombia's Superintendency of Industry and Commerce (SIC) has filed an administrative case against Ecopetrol and subsidiaries Cenit and Ocensa, plus five individuals, over alleged anticompetitive practices, exposing the group to a potential $525.271 million fine. The SIC found no evidence of improper direction in the helicopter contracts reviewed, narrowing the scope. The case marks a significant regulatory escalation against Colombia's state-controlled oil company, with financial and reputational implications.

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