PR Newswire
BOGOTÁ, Colombia, February 20, 2018
BOGOTÁ, Colombia, February 20, 2018 /PRNewswire/ -- Ecopetrol
S.A. (BVC: ECOPETROL; NYSE: EC) reports that on February 16, 2018, the Colombian Ministry of
Finance and Public Credit subscribed the Declaration of the Nation in its role as Majority Shareholder of Ecopetrol S.A. for a 10
year term. In this declaration the Nation acquires commitments as majority shareholder allowing the company's minority
shareholders to benefit from good corporate governance practices.
The document's complete text may be consulted at this link:
http://www.ecopetrol.com.co/documentos/inversionistas/Declaración del Accionista Mayoritario - MHCP - 16 de
febrero.pdf
Ecopetrol is Colombia's largest firm and is an integrated oil company that is among the 50
largest in the world and the four largest in Latin America. In addition to Colombia, where it generates over 60% of the country's production, it is active in exploration and
production in Brazil, Peru and the
United States (Gulf of Mexico). Ecopetrol operates the largest refinery in Colombia and most of the country's oil-pipeline and polyduct network, and is significantly increasing its
share in bio-fuels.
This press release contains statements relating to business prospects, estimates of operating and financial
results, and Ecopetrol's growth prospects. All are projections, and therefore are based solely on management's expectations of
the company's future and its continuous access to capital to finance the company's sales plan. Achieving these estimates in the
future depends on its performance under given market conditions, regulations, competition, performance of the Colombian economy
and industry, among other factors; therefore, they are subject to change without prior notice.
For further information, contact:
Capital Markets Manager
Maria Catalina Escobar
Telephone: +571-234-5190
Email: investors@ecopetrol.com.co
Media Relations (Colombia)
Jorge Mauricio Tellez
Telephone: + 571-234-4329
Email: mauricio.tellez@ecopetrol.com.co
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SOURCE Ecopetrol S.A.
