Ecopetrol informs of a sanction imposed by CORMACARENA
BOGOTÃ, Colombia, December 17, 2021 / PRNewswire / – Ecopetrol SA (BVC: ECOPETROL; NYSE: EC), informs that the Macarena Special Management Zone Sustainability Company CORMACARENA, through resolution # PS-GJ.18.104.22.168.2094 of 2021, imposed a fine of twenty minimum monthly wages on the company due to the contamination of CaÃ±o Cacayal, caused by the discharge of wastewater from station I of Campo Castile. In the opinion of the authority, the discharge parameters authorized by the environmental regulations could have been violated.
Although the sanction is a final decision within the framework of the administrative sanction process, it was issued outside the period during which CORMACARENA had to exercise its sanctioning faculty, therefore Ecopetrol, although respecting and accepting the decisions of CORMACARENA and reiterates its commitment to comply with the legal environmental regulations in force, take legal action within the framework of the corresponding legal opportunity.
Ecopetrol is the largest company in Colombia and one of the leading integrated energy companies in the Americas, with more than 17,000 employees. In Colombia, it is responsible for over 60% of the hydrocarbon production of most hydrocarbon transportation, logistics and refining systems, and it holds leading positions in the petrochemicals and gas distribution segments. . With the acquisition of 51.4% of ISA shares, the company participates in power transmission, real-time systems management (XM) and Barranquilla – Cartagena coastal highway concession. At the international level, Ecopetrol holds interests in strategic basins on the American continent, with Drilling and Exploration operations in United States (Permian basin and Gulf of Mexico), Brazil, and Mexico, and, through ISA and its subsidiaries, Ecopetrol holds leading positions in the field of energy transmission in Brazil, Chile, Peru, and Bolivia, road concessions in Chile, and the telecommunications sector. This press release contains statements of business prospects, estimates of operating and financial results, and statements relating to the growth prospects of Ecopetrol. These are all projections and, as such, are based solely on executives’ expectations for the future of the business and their continued access to capital to fund the business plan of the business. The achievement of these estimates in the future depends on the behavior of market conditions, regulations, competition, the performance of the Colombian economy and industry, among other factors, and is therefore subject to change without change. prior notice.
This press release contains statements that may be deemed to be forward-looking statements within the meaning of Section 27A of the US Securities Act of 1933, as amended, and Section 21E of the US Securities Exchange Act of 1934, as amended. . All forward-looking statements, whether made in this press release or in future documents or press releases or orally, address matters that involve risks and uncertainties, including with respect to the Company’s growth prospects and its continued access to capital to finance the Company’s business plan, among other things. Therefore, changes in the following factors, among others, could cause actual results to differ materially from those included in forward-looking statements: market price of oil and gas, our exploration and production activities, market conditions, applicable regulations, stock exchange interest rates, the competitiveness of the Company and the performance of that of Colombia economy and industry, to name but a few. We do not intend and assume no obligation to update these forward-looking statements.
For more information please contact:
Head of Capital Markets
Tatiana Uribe Benninghoff
E-mail: [emailÂ protected]
Media Relations (Colombia)
E-mail: [emailÂ protected]
SOURCE Ecopetrol SA