Ecopetrol Approves 2011 Investment Plan of $6.7B

Ecopetrol S.A. EC announced today that its Board of Directors has approved an investment plan for 2011 of US$6.738 billion. Also, the Board assigned the Company a contingent budget of US$1.807 billion for projects still in the development stage, which, once necessary requirements are met, will be presented to the Board for approval during the course of the year. Taking into account this contingent budget, Ecopetrol's investments in 2011 could reach US$8.545 billion. Additionally, of the possible US$8.545 billion investment plan for 2011, US$1.512 billion is destined to intercompany contributions and loans to the Company's subsidiaries and affiliates, and does not include funds for possible acquisitions.