Daily News: January 14, 2014

EximBank Disburses Ecopetrol Long-Term Credit

Ecopetrol S.A. announced that, at the end of December 2013, the final disbursement of the credit facility guaranteed by U.S. export credit agency EximBank took place.

Of the approved $426 million in long-term credit, a total of $244 million was disbursed. Conditions of the financing operation were disclosed on March 25, 2013.

Ecopetrol is Colombia’s largest integrated oil & gas company, and accounts for 60% of total production.