April 14, 2015, BOGOTA,Colombia
/CNW/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC; TSX: ECP)
hereby reports that, as part of the procedures required for keeping
available debt alternatives to finance its investment plan, it has
obtained authorization from the Ministry of Finance and Public
Credit, pursuant to Resolution 0928 of April
10, 2015, to arrange for debt issuances in international
capital markets in an aggregate amount of up to three-billion
one-hundred-and-seventy-five million dollars (US$3,175,000,000).
This authorization in itself does not constitute an issuance of
securities or a financing operation. Therefore, Ecopetrol must
complete in due course all of the necessary approval procedures
with the Ministry of Finance and Public Credit, as well as
Ecopetrol's own Board of Directors, before any debt issuance may be
covered by this authorization.
This announcement is not an offer for sale of or a solicitation
of any offer to buy any securities of Ecopetrol in any transaction.
If and when issued, the securities will not be registered under the
US Securities Act of 1933, as amended (the "Securities Act"). The
securities may not be offered or sold in the United States absent registration with the
US Securities and Exchange Commission or pursuant to an applicable
exemption from the registration requirements of the Securities Act
and applicable securities laws.
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Ecopetrol is the largest company in Colombia and is an integrated oil and gas
company; it is among the top 40 oil companies in the world and
among the top four oil companies in Latin
America. Besides Colombia –
where it generates over 60% of the national production – it has
exploration and production activities in Brazil, Peru,
the US (Gulf of Mexico) and
Angola. Ecopetrol owns the largest
refinery in Colombia, most of the
pipeline and multi-product pipeline network in the country, and is
significantly increasing its participation in bio-fuels.
This release contains statements that may be considered
forward looking statements within the meaning of Section 27A of the
U.S. Securities Act of 1933 and Section 21E of the U.S. Securities
Exchange Act of 1934. All forward-looking statements, whether made
in this release or in future filings or press releases or orally,
address matters that involve risks and uncertainties, including in
respect of the Company's prospects for growth and its ongoing
access to capital to fund the Company's business plan, among
others. Consequently, changes in the following factors, among
others, could cause actual results to differ materially from those
included in the forward-looking statements: market prices of oil
and gas, our exploration and production activities, market
conditions, applicable regulations, the exchange rate, Ecopetrol's
competitiveness and the performance of Colombia's economy and industry, to mention a
few. We do not intend, and do not assume any obligation to update
these forward-looking statements.
For further information, please contact:
Investor Relations Director (A)
Claudia Trujillo
Phone: +571-234-5190
e-mail: investors@ecopetrol.com.co
Media Relations (Colombia)
Jorge Mauricio Tellez
Phone: +571-234-4329
Fax: +571-234-4480
e-mail: mauricio.tellez@ecopetrol.com.co
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SOURCE Ecopetrol S.A.