Jan 15 (Reuters) - Colombia's majority state-owned

energy firm Ecopetrol said on Wednesday it had reached

an agreement with JPMorgan Chase Bank N.A. to reduce

the conversion cost for the purchase and sale of the company's

American Depositary Receipts by half.

The reduction is temporary and is expected to be effective

until July 10, 2025, the Colombian company said.

JPMorgan Chase Bank N.A. is Ecopetrol's depositary bank for

its ADR program, a mechanism that enables U.S. investors to

purchase stock in overseas companies.

(Reporting by Vallari Srivastava in Bengaluru; Editing by

Devika Syamnath)