BOGOTÁ, Colombia, June 8, 2023 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that the International Chamber of Commerce decided in favor of Refinería de Cartagena S.A.S ("Reficar"), a subsidiary company of Ecopetrol S.A., in the framework of an arbitration proceeding against Chicago Bridge & Iron Company N.V., CB&I (UK) Limited and CBI Colombiana S.A. (collectively "CB&I"), in connection with the arbitration proceedings against Chicago Bridge & Iron Company N.V., CB&I (UK) Limited and CBI Colombiana S.A. (collectively "CB&I"), in connection with the execution and performance of the EPC Contract (Engineering, Procurement, and Construction Contract) entered into between the two companies for the expansion and modernization of the refinery located in the city of Cartagena.
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