OREANDA-NEWS. Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC; TSX: ECP) reports that, as part of the procedures required for keeping available different debt alternatives to finance its long-term investment plan, it has obtained authorization from the Ministry of Finance and Public Credit, pursuant to Resolution 1174 of April 9, 2014, to arrange for debt emissions in international capital markets in an aggregate amount of up to two billion dollars (USD 2,000,000,000) until year 2016.

This authorization in itself does not constitute an issuance of securities or a financing operation. Therefore, Ecopetrol must complete in due course all of the necessary approval procedures with the Ministry of Finance and Public Credit, as well as Ecopetrol's own Board of Directors, before any debt issuance may be covered by this authorization.

This announcement is not an offer for sale of or a solicitation of any offer to buy any securities of Ecopetrol in any transaction. If and when issued, the securities will not be registered under the US Securities Act of 1933, as amended (the "Securities Act"). The securities may not be offered or sold in the United States absent registration with the US Securities and Exchange Commission or pursuant to an applicable exemption from the registration requirements of the Securities Act and applicable securities laws.