Ecopetrol SA was incorporated on August 25, 1951 under the laws of Colombia. The Company is a vertically integrated oil company with presence in Colombia, Peru, Brazil and the U.S. Gulf Coast. The Company operates in three business segments: Exploration and Production; Transportation and Logistics; and Refining and Petrochemicals. The Exploration and Production business segment includes exploration, development and production activities in Colombia and abroad. The transportation and logistics segment includes the transportation of crude oil, motor fuels, fuel oil and other refined products including diesel and biofuels. Transportation and Logistics sector into a facilitator for the development of the entire value chain for the country by providing solutions and ensuring the efficiency of crude oil flows and their derivatives for use by its company and third parties. The Company's operations are subject to national, state and local environmental regulations in Colombia. Environmental rules and regulations are applicable to its exploration, transportation, refining and production activities.