Page 14 - LatAmOil Week 12 2022

LatAmOil NEWS IN BRIEF LatAmOil

INVESTMENT
Ecopetrol rectifies false

report about cryptocurrency

investment opportunity

Ecopetrol informs that on March 17, 2022, it
became aware of certain false information pub-
lished on a now-deactivated website (https://
secureleads.org/), which purported to give
Colombians an opportunity to access the Com- for more than 60% of the hydrocarbon produc- Petrobras reinforces its commitment to com-
pany’s profits by investing COP960,000 in cryp- tion of most transportation, logistics, and hydro- prehensive transparency in its divestment pro-
tocurrency for trading in an instrument called carbon refining systems, and it holds leading jects and portfolio management and informs
“Bitcoin Ecopetrol” and which would generate positions in the petrochemicals and gas distribu- that the subsequent steps will be timely disclosed
COP20mn in profits in one week. This infor- tion segments. With the acquisition of 51.4% of to the market in accordance with the company’s
mation is false, and Ecopetrol was not affiliated ISA’s shares, the company participates in energy Divestment Systematics and Decree 9,188/2017.
in any manner with such information or such transmission, the management of real-time sys- Petrobras, March 23 2022
website. tems (XM), and the Barranquilla-Cartagena
In this regard, Ecopetrol indicates that any coastal highway concession. At the international Petrobras concludes
news, communication and/or publication made level, Ecopetrol has a stake in strategic basins
in mass media, related to: i) the existence of an in the American continent, with Drilling and PCBios liquidation
investment scheme promoted, led, guaran- Exploration operations in the United States (Per-
teed and/or sponsored by Ecopetrol through mian basin and the Gulf of Mexico), Brazil, and Petrobras, following up on the release disclosed
the marketing of cryptocurrencies or similar Mexico, and, through ISA and its subsidiaries, on December 20, 2019, informs that was con-
schemes; ii) the existence of an investment Ecopetrol holds leading positions in the power cluded the process of closing Participações em
scheme that guarantees a minimum return transmission business in Brazil, Chile, Peru, and Complexos Bioenergéticos S.A. (PCBios), a
on investments in cryptocurrencies or similar Bolivia, road concessions in Chile, and the tele- company in which Petrobras held a 50% interest
schemes issued or structured by Ecopetrol; iii) communications sector. and Mitsui & Co. held the other 50%. The disso-
the endorsement and promotion of investment Ecopetrol, March 18 2022 lution and liquidation of PCBios were approved
schemes in cryptocurrencies or similar figures in the company’s General Assembly.
by legal representatives or administrators of Eco- Petrobras comments on This operation is aligned with the portfolio
petrol and/or iv) the participation of Ecopetrol’s management strategy and the improvement of
CEO in investment schemes in cryptocurrencies media reports concerning the company’s capital allocation, aiming to max-
or similar figures, is false and is not information imise value and greater return to society.
which the Company has authorised or approved onshore asset divestment Petrobras, March 23 2022
for dissemination either in the context of its role
as an issuer of securities or pursuant to the laws Petrobras, regarding the pieces of news in the
and regulations that govern Ecopetrol media regarding the sale of the onshore produc- PERFORMANCE
Information on Ecopetrol as an issuer of tion fields, located in the Recôncavo and Tucano
securities in the local and international capital Basin, in the state of Bahia, jointly called Bahia CCREEE and partners tackle
markets is available only through Ecopetrol’s Terra Cluster, clarifies that it received today new
website by accessing the links related to the Issu- binding offers in the scope of this divestment absence of energy data
ance Programme and Fixed Income, as well as process.
through the Ecopetrol’s reports to the Superin- The new round of binding offers was held The Caribbean Centre for Renewable Energy
tendency of Finance of Colombia and the Secu- after the unsuccessful conclusion of the negotia- and Energy Efficiency (CCREEE), the Carib-
rities and Exchange Commission in the United tion process started with the consortium formed bean Community (CARICOM) Secretariat
States. by Aguila Energia e Participações Ltda. and Infra and the CARICOM Development Fund (CDF)
Any URLs in the report on Form 6-K are Construtora e Serviços Ltda, as disclosed to the brought together some 30 representatives of
intended to be inactive textual references only. market on October 14, 2021. Caribbean governments and regional insti-
It is not intended to be an active hyperlink to our Petrobras confirms that, in this new round, tutions today to tackle challenges relating to
or any other website. The information on such it received a binding offer from the consortium the absence of data, statistics and information
a website, which might be accessible through a formed by Petrorecôncavo and Eneva, among within the energy sector.
hyperlink resulting from such URL, is not and other offers, which will be analyzed and submit- As Caribbean governments pursue energy
shall not be deemed to be incorporated into this ted to the Executive Board for a decision regard- security in the face of rising oil and gas prices, a
Report on Form 6-K. ing the advancement to the negotiation stage. critical issue plaguing effective implementation
Ecopetrol is the largest company in Colombia The company clarifies that the execution of of the CARICOM Energy Policy is the need to
and one of the main integrated energy compa- the transaction will depend on the outcome of improve the quality and quantity of analytics
nies in the American continent, with more than the negotiations, as well as the necessary corpo- and information required to enhance energy
17,000 employees. In Colombia, it is responsible rate approvals. planning and decision-making.

P14 www. NEWSBASE .com Week 12 24•March•2022