BOGOTÁ, Colombia, Oct. 6, 2017 /CNW/ -- Ecopetrol S.A. (BVC:
ECOPETROL; NYSE: EC) announces that has signed a contract to supply
Refinery-Grade Propylene (RGP) to its subsidiary COMPOUNDING AND
MASTERBATCHING INDUSTRY LTDA (Comai Ltda) from October 2017 to August
2022.
The estimated value of this contract is USD 160 million, for the approximate supply of
315,000 tons during its lifetime.
Entering into this long-term agreement is a significant boost to
the development of the country's petrochemical industry, while at
the same time generating value for the Ecopetrol Group.
This release contains statements that may be considered
forward looking statements within the meaning of Section 27A of the
U.S. Securities Act of 1933 and Section 21E of the U.S. Securities
Exchange Act of 1934. All forward-looking statements, whether made
in this release or in future filings or press releases or orally,
address matters that involve risks and uncertainties, including in
respect of the Company's prospects for growth and its ongoing
access to capital to fund the Company's business plan, among
others. Consequently, changes in the following factors, among
others, could cause actual results to differ materially from those
included in the forward-looking statements: market prices of oil
& gas, our exploration and production activities, market
conditions, applicable regulations, the exchange rate, the
Company's competitiveness and the performance of Colombia's economy and industry, to mention a
few. We do not intend, and do not assume any obligation to update
these forward-looking statements.
For further information contact:
Capital Markets
Manager (A)
Lina María Contreras
Mora
Telephone: +571-234-5190
Email: investors@ecopetrol.com.co
Media Relations (Colombia)
Jorge Mauricio Tellez
Telephone: + 571-234-4329
Email: mauricio.tellez@ecopetrol.com.co
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SOURCE Ecopetrol S.A.