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.