Ecopetrol's Board of Directors Has Three New Members
BOGOTA, Colombia, Aug. 24 /PRNewswire-FirstCall/ -- Ecopetrol S.A. (NYSE: EC; BVC: ECOPETROL; TSX: EC; BVL: EC) has announced that the Minister of Finance and Public Credit, Juan Carlos Echeverry; the Minister of Mines and Energy, Carlos Rodado; and the Director of the National Planning Department, Hernando Jose Gomez, were appointed as members of Ecopetrol's Board of Directors during yesterday's ordinary board meeting.
The new members replace the heads of the same departments in the previous administration, namely Oscar Ivan Zuluaga, Hernan Martinez, and Esteban Piedrahita.
Ecopetrol is Colombia's largest company and a vertically integrated crude oil and natural gas company. Ecopetrol is among the top 40 oil companies in the world and the four largest oil companies in Latin America. In addition to having operations in Colombia where it generates over 60% of the country's production, it has operations in Brazil, Peru and the US (Gulf of Mexico). Ecopetrol owns the largest refinery in Colombia, the majority of the network of pipelines and polyducts, and continues to significantly increase its participation in biofuels.
Forward looking statements
This release contains forward-looking statements relating to the prospects of the business, estimates for operating and financial results, and those related to growth prospects of Ecopetrol. These are merely projections and, as such, are based exclusively on the expectations of management concerning the future of the Company and its continued access to capital to fund the Company's business plan. Such forward-looking statements depend, substantially, on changes in market conditions, government regulations, competitive pressures, the performance of the Colombian economy and the industry, among other factors; therefore, they are subject to change without prior notice.
For additional information, please contact:
Investor Relations Director
Alejandro Giraldo
Telephone: +571-234-5190
Email: investors@ecopetrol.com.co
Media Relations
Mauricio Tellez
Telephone: + 571-2345377
Fax: +571-2344480
Email: mtellez@ecopetrol.com.co
Website: www.ecopetrol.com.co