BOGOTA,
Colombia, March 22, 2024 /PRNewswire/ -- Ecopetrol
S.A. (BVC: ECOPETROL; NYSE: EC) informs that Refinería de Cartagena
S.A.S. ("Reficar") has been notified of the decision to approve the
alternative financial restructuring plan of Chicago Bridge &
Iron Company N.V. ("CB&I N.V."), reached today, March 21, 2024, by the District Court of
Amsterdam in the Netherlands, in charge of the
restructuring process initiated on September
8, 2023 by McDermott International Ltd. ("McDermott"),
on behalf of its subsidiary, CB&I N.V.
Under the plan, presented by an independent expert appointed by
the court, Reficar will receive, among other things, convertible
preferred shares representing 19.9% of the share capital of
McDermott International Ltd., holding company of a group of
entities with presence in more than 54 countries which specialize
in engineering services for the energy industry and low-carbon
solutions and which includes CB&I N.V.
With this judicial decision, Reficar has been able to assert its
rights and those of Colombia.
Ecopetrol is the largest company in Colombia and one of the main integrated energy
companies in the American continent with more than 18,000
employees. In Colombia, it is
responsible for more than 60% of the hydrocarbon production of most
transportation, logistics, and hydrocarbon refining systems, and it
holds leading positions in the petrochemicals and gas distribution
segments. With the acquisition of 51.4% of ISA's shares, the
company participates in energy transmission, the management of
real-time systems (XM), and the Barranquilla - Cartagena coastal highway concession. At the
international level, Ecopetrol has a stake in strategic basins in
the American continent, with Drilling and Exploration operations in
the United States (Permian basin
and the Gulf of Mexico),
Brazil, and Mexico, and, through ISA and its subsidiaries,
Ecopetrol holds leading positions in the power transmission
business in Brazil, Chile, Peru,
and Bolivia, road concessions in Chile, and the telecommunications
sector.
This press release contains forward-looking statements which
are based on current expectations and assumptions about future
events and which can be identified by the use of forward-looking
terminology such as "may", "will", "should", "expect",
"anticipate", "estimate", "intend", "continue", or "believe" or
other words of similar import, and which forward-looking statements
also include certain projections, forecasts, budgets and other
estimates. These forward-looking statements are subject to risks
and uncertainties that could cause actual results to differ
materially from those expressed in the forward-looking statements.
Many of these risks and uncertainties relate to factors that are
beyond the Ecopetrol's control. Ecopetrol does not undertake any
obligation to provide any additional information or to update this
press release or to correct any inaccuracies that may become
apparent, whether as a result of new information, future events or
otherwise. You should not place undue reliance on forward-looking
statements, which speak only as of the date of this press
release.
For more information, please contact:
Head of Capital Markets
Carolina Tovar Aragón
Email: investors@ecopetrol.com.co
Head of Corporate Communications (Colombia)
Marcela Ulloa
Email: marcela.ulloa@ecopetrol.com.co
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SOURCE Ecopetrol S.A.