Bay Street News

Ecopetrol continues the financing of its 2016 investment plan with a local bank loan for COP$990 billion

BOGOTA, Colombia, Feb. 24, 2016 /CNW/ — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC; TSX: ECP) (“Ecopetrol” or the “Company”) reports that on February 23, 2016, it signed a bilateral commercial loan agreement with Bancolombia S.A. for COP$990 billion (Approximately USD$300 million).

The…