IBOV 167,921.80 ▼ 0.75% IPC MEX 69,705.03 ▼ 0.12% MERVAL 2,848,945 — — USD/BRL5.44▲ 1.17% USD/MXN18.79▼ 0.39% USD/CLP993.12▲ 0.49% USD/COP3,232▲ 2.08% USD/PEN3.47▲ 0.16% USD/ARS1,534▼ 0.29% USD/UYU40.19▲ 3.18% USD/PYG5,965▲ 5.35% USD/BOB12.07▲ 3.37% USD/DOP60.42▲ 0.50% USD/CRC451.45▲ 2.56% USD/GTQ7.64▲ 3.29% USD/HNL26.88▲ 0.49% USD/NIO36.62▲ 0.07% USD/VES887.03▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.99▲ 2.89% USD/TTD6.71▲ 2.13% EUR/BRL6.08▲ 2.03% BRENT 109.58 ▼ 5.38% WTI 100.12 ▼ 1.61% IRON ORE 161.91 — — COPPER 6.65 ▲ 2.24% GOLD 4,073 ▲ 0.85% SILVER 54.49 ▲ 0.70% SOY 1,250 ▲ 0.70% CORN 450.25 ▼ 1.04% WHEAT 614.75 ▼ 0.20% COFFEE 294.35 ▼ 2.19% SUGAR 19.26 ▲ 0.84% ORANGE JUICE 143.20 ▲ 5.45% COTTON 77.90 ▼ 1.47% COCOA 5,581 ▲ 1.66% BEEF 230.73 ▲ 0.33% CATTLE 346.40 ▼ 1.00% LITHIUM 62.43 ▲ 1.89% PETR4 53.31 ▼ 1.06% VALE3 62.88 ▼ 2.33% ITUB4 41.42 ▼ 0.67% BBDC4 15.69 ▼ 1.63% ABEV3 15.40 ▲ 0.20% BBAS3 17.59 ▲ 0.69% B3SA3 15.27 ▲ 1.33% WEGE3 45.78 ▲ 2.81% PRIO3 69.21 ▼ 2.71% SUZB3 47.14 ▼ 0.55% RENT3 31.14 ▼ 1.67% AZZA3 16.72 ▲ 1.15% CSAN3 2.69 ▼ 2.89% RAIZ4 0.34 — 0.00% PCAR3 2.22 ▼ 3.48% GMAT3 3.74 ▲ 2.19% PSSA3 47.75 ▼ 0.89% CVCB3 0.98 — 0.00% POSI3 3.56 ▼ 0.84% SLCE3 16.97 ▼ 2.75% NATU3 5.68 ▼ 3.89% BRKM5 3.80 ▲ 19.50% RANI3 7.34 ▼ 0.54% CSNA3 4.76 ▼ 4.99% IBOV 167,921.80 ▼ 0.75% IPC MEX 69,705.03 ▼ 0.12% MERVAL 2,848,945 — — USD/BRL 5.34 ▼ 1.32% USD/MXN 18.69 ▲ 0.62% USD/CLP 983.47 ▼ 0.57% USD/COP 3,149 ▲ 3.06% USD/PEN 3.45 ▲ 0.17% USD/ARS 1,537 ▼ 0.28% USD/UYU 40.21 ▲ 3.57% USD/PYG 5,803 ▲ 3.78% USD/BOB 11.97 ▲ 4.93% USD/DOP 60.54 ▲ 1.83% USD/CRC 451.24 ▲ 2.13% USD/GTQ 7.64 ▲ 3.23% USD/HNL 26.87 ▲ 3.37% USD/NIO 36.62 ▲ 2.81% USD/VES 885.08 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 2.63% USD/TTD 6.71 ▲ 2.07% EUR/BRL 5.95 ▲ 7.53% BRENT 109.58 ▼ 5.38% WTI 100.12 ▼ 1.61% IRON ORE 161.91 — — COPPER 6.65 ▲ 2.24% GOLD 4,073 ▲ 0.85% SILVER 54.49 ▲ 0.70% SOY 1,250 ▲ 0.70% CORN 450.25 ▼ 1.04% WHEAT 614.75 ▼ 0.20% COFFEE 294.35 ▼ 2.19% SUGAR 19.26 ▲ 0.84% ORANGE JUICE 143.20 ▲ 5.45% COTTON 77.90 ▼ 1.47% COCOA 5,581 ▲ 1.66% BEEF 230.73 ▲ 0.33% CATTLE 346.40 ▼ 1.00% LITHIUM 62.43 ▲ 1.89% PETR4 53.31 ▼ 1.06% VALE3 62.88 ▼ 2.33% ITUB4 41.42 ▼ 0.67% BBDC4 15.69 ▼ 1.63% ABEV3 15.40 ▲ 0.20% BBAS3 17.59 ▲ 0.69% B3SA3 15.27 ▲ 1.33% WEGE3 45.78 ▲ 2.81% PRIO3 69.21 ▼ 2.71% SUZB3 47.14 ▼ 0.55% RENT3 31.14 ▼ 1.67% AZZA3 16.72 ▲ 1.15% CSAN3 2.69 ▼ 2.89% RAIZ4 0.34 — 0.00% PCAR3 2.22 ▼ 3.48% GMAT3 3.74 ▲ 2.19% PSSA3 47.75 ▼ 0.89% CVCB3 0.98 — 0.00% POSI3 3.56 ▼ 0.84% SLCE3 16.97 ▼ 2.75% NATU3 5.68 ▼ 3.89% BRKM5 3.80 ▲ 19.50% RANI3 7.34 ▼ 0.54% CSNA3 4.76 ▼ 4.99%
since 2009
Friday, October 30, 2026

Colombia Energy

Colombia’s Ecopetrol Curbs Oil Output Amid Theft

By · September 6, 2026 · 4 min read
An Ecopetrol oil pipeline and pumping station in the Catatumbo region of Colombia
A pipeline and pumping station like those Ecopetrol runs in Catatumbo, near Colombia’s border with Venezuela. Photo: “Edificio Ecopetrol.JPG” by Felipe Restrepo Acosta, via Wikimedia Commons, CC BY-SA 3.0.

COLOMBIA · ENERGY

Key Facts

  • —What happened: Ecopetrol restricted operations in part of the Tibú oil field this month, near Colombia’s Venezuela border.
  • —How big: Armed groups stole more than 39,000 barrels of crude oil across the region in 2025 alone.
  • —What it means: Workers also removed more than 150 illegal valves that thieves had tapped into pipelines last year.
  • —The catch: Ecopetrol had already flagged this exact theft risk to United States securities regulators last year.
  • —What comes next: Ecopetrol is now reviewing whether it can safely keep working in the area at all.

Ecopetrol has restricted work in part of the Tibú oil field after years of pipeline theft in Catatumbo.

State oil company Ecopetrol restricted operations in part of the Tibú oil field this month. Tibú sits in Colombia’s Catatumbo region, near the border with Venezuela.

Armed groups have been stealing crude oil and siphoning fuel from company pipelines there. Ecopetrol says thieves took more than 39,000 barrels of crude across the region in 2025 alone.

Thieves Draining the Pipeline

The company also removed more than 150 illegal valves tapped into its pipelines last year. Attacks on one station alone cut daily production by more than 300 barrels, Ecopetrol says.

Ecopetrol calls the worst-hit site its North Station, in the Palmeras area of the Tibú field. Armed groups struck that station seven times in 2025, stealing more than 1,300 barrels there alone.

Normally, the Tibú field pumps about 1,400 barrels of oil and 900,000 cubic feet of natural gas every day. That output also supplies the town of Tibú and roughly a quarter of nearby Cúcuta’s gas use.

Catatumbo is not the only front where thieves keep draining oil from Ecopetrol’s pipelines. A separate Ecopetrol pipeline in Cesar state lost even more oil to illegal taps last year.

A Warning Already Sent to Washington

Ecopetrol flagged this exact theft risk to United States securities regulators last year already. The company said persistent fuel theft could hurt both its financial results and its reputation.

Ecopetrol posted that warning in a routine annual filing, not a new emergency notice. Still, the rising theft numbers show the risk has kept growing since then.

Fuel theft has surged sharply across Ecopetrol’s entire pipeline network in recent years. Refined-fuel losses nationwide jumped from about 179 barrels a day in 2024 to roughly 2,200 barrels a day in 2025.

Nationwide, illegal refining of stolen fuel cost Ecopetrol’s group about US$63 million in 2025. Ecopetrol president Ricardo Roa said thieves refined more than 730,000 stolen barrels that year.

Live Company IntelligenceEcopetrol SA ADR — the full investor dossierCompany overview and the latest Rio Times coverage.
E
◆ Live Company Intelligence
Ecopetrol
NYSEEnergyOil & Gas Integrated

Price & risk

52-wk low
$8.67
52-wk high
$18.38
200-day average$15.07
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: RT fundamentals· as of 30 Oct 2026More company intelligence →

Weighing Whether It’s Safe to Stay

Ecopetrol says it is now reviewing whether it can safely keep working in the area. The company has also asked both local and national authorities to strengthen security in the area.

Ecopetrol says it still remains committed to developing the region for the long term. It also says it needs stronger security guarantees before it can safely restart full operations.

Local officials in Norte de Santander have also called for a stronger military presence near oil sites. Catatumbo has long been one of Colombia’s most violent regions, scarred by decades of conflict.

For now, Ecopetrol has not set a date for restarting full production at the site. Its next move may depend on whether security forces regain control of the area.

Frequently Asked Questions

What is Ecopetrol?

Ecopetrol is Colombia’s state oil company, largely owned by the Colombian government.

Where is the Tibú oil field?

Tibú sits in the Catatumbo region of Norte de Santander, in northeastern Colombia. The area borders Venezuela and has faced years of armed-group violence.

Why did Ecopetrol restrict operations in Tibú?

Armed groups have been stealing crude oil and tapping pipelines across the area. Ecopetrol says the theft threatens workers and forced it to restrict operations there.

Sources: El Tiempo, El Colombiano, La República.

RT
Ask Rio Times
17 years of Latin America reporting, on demand.
Open the full Ask Rio Times →

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map →

Brazil runoff date: Sunday, October 25, poll closing times and when results start · Brazil runoff polls: Flávio 51%, Lula 49% · Kalshi and Polymarket odds

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.