Alvaro Castaneda

Alvaro Castañeda (48) has served as our Vice-President of Transportation since 2009. Mr. Castañeda earned a degree in metallurgical engineering, a specialization degree in international management of oil and gas and a master's degree in administration from Universidad Autonoma de Bucaramanga and Instituto Tecnologico de Monterrey. He has worked for Ecopetrol for the last 20 years, and has held various positions within the company, including Plant Coordinator, Director of the Operations Department, Chief of the Centralized Operations Department and Director of Multipurpose Pipelines.

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Ecopetrol S.A., was organized on August 25, 1951 under the laws of Colombia. The Company is an integrated oil company with presence in Colombia, Peru, Brazil and the U.S. Gulf Coast. The Company divides its operations into four business segments that include exploration and production; transportation and logistics; refining and petrochemicals; and marketing and supply. Exploration and Production segment includes it crude oil and natural gas exploration and production activities. Refining and Petrochemicals segment includes its refining activities. Revenue is derived from inter-company and inter-segment sales, exports and third-party sales and corresponds to products processed in its refineries and its downstream subsidiaries such as motor fuels, fuel oils and petrochemicals at market prices. Marketing and Supply segment includes its revenues, costs and expenses associated with marketing and sale of products purchased from third parties and the ANH. The transportation and logistics segment includes the transportation of crude oil, motor fuels, fuel oil and other refined products. There are two main refineries in Colombia: Barrancabermeja, which the Company owns and operates, and Reficar, a wholly-owned subsidiary. It also owns two other minor refineries, Orito and Apiay. Its refineries produce refined products, including gasoline, diesel, jet fuel, liquefied petroleum gas, or LPG, and heavy fuel oils among others. Crude oil, natural gas and refined products are transported mainly through pipelines to its customers and the refineries. The Company markets refined and feed stock products locally which include regular and high octane gasoline, diesel fuel, jet fuel, natural gas and petrochemical products. The Company exports crude oil, LPG, butane, high and low octane gasoline, naphtha, jet fuel, natural gas and fuel oil. It currently has concessions granted by the Nation for four export docks for crude oil and refined products. 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.

Alvaro Castañeda (48) has served as our Vice-President of Transportation since 2009. Mr. Castañeda earned a degree in metallurgical engineering, a specialization degree in international management of oil and gas and a master's degree in administration from Universidad Autonoma de Bucaramanga and Instituto Tecnologico de Monterrey. He has worked for Ecopetrol for the last 20 years, and has held various positions within the company, including Plant Coordinator, Director of the Operations Department, Chief of the Centralized Operations Department and Director of Multipurpose Pipelines.