OREANDA-NEWS. Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC; TSX: ECP) reports that at the end of December 2013, the final disbursement of the credit facility (long-term credit - LTG) guaranteed by the export credit agency of the United States - U.S. EximBank - took place. The conditions of the financing operation were disclosed on March 25, 2013.

Of the amount of the long-term credit approved of USD 426,616,323, a total of USD 244,976,672.65 was disbursed.

Ecopetrol is Colombia’s largest integrated oil & gas company, where it accounts for 60% of total production. It is one of the top 50 oil companies in the world and the fourth largest oil company in Latin America. The Company is also involved in exploration and production activities in Brazil, Peru and the United States Gulf Coast, and owns the main refineries in Colombia, most of the network of oil and multiple purpose pipelines in the country, petrochemical plants, and is entering into the biofuels business.