Ecopetrol SA (EC) has released an update.
Ecopetrol S.A., Colombia’s largest energy company, has secured a COP 1 trillion loan from local banks, approved by the Ministry of Finance and Public Credit, to fund non-investment expenses and manage existing financial obligations. The seven-year loan, with a two-year grace period and payments spread over ten semi-annual installments, demonstrates the financial sector’s trust in Ecopetrol’s strategic direction.
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