Pacific Infrastructure

completed

Pacific Infrastructure is a newly formed Holding company which will own several companies in Colombia dedicated to logistics and infrastructure for the Oil & Gas Sector. The two initial project companies are: Puerto Bahia S.A., a wholly owned subsidiary that is building a bulk liquids terminal in the Bay of Cartagena specialized in handling crude oil and other hydrocarbons. The port will have an installed throughput capacity of 300,000 barrels and a storage capacity of more than 3 million barrels. The 155 hectares site will also include a general cargo handling facility, initially for Ro-Ro, dry bulk, project and general cargo and includes a 45 hectares Industrial Free Trade Zone. Olecar, a greenfield 130 km pipeline that connects Puerto Bahia with Coveñas, the node where most of the existing trunk oil pipelines in Colombia lead to. The pipeline has been designed with a throughput capacity of 300,000 barrels. Pacific Infrastructure is expected to own 100% of Puerto Bahia and 50% of Olecar. Ecopetrol has been invited to participate as shareholder of the remaining 50% in Olecar. The company was created with the specific purpose of developing these projects, and invest in any other infrastructure projects which can be developed by the Group.