(Reuters) - Ethiopia and Djibouti have signed a deal to build a pipeline to transport Ethiopian gas to an export terminal in Djibouti, officials said. Ethiopia found extensive gas deposits in its eastern Ogaden Basin in the 1970s. China's POLY-GCL Petroleum Investments has been developing the Calub and Hilala fields there since signing a production sharing deal with Ethiopia in 2013. The agreement between Djibouti and Ethiopia comes more than…

On the afternoon of September 4, Zhu Gongshan, Chairman of GCL Group, who was in Beijing for 2018 Forum on China-Africa Cooperation, attended China-Africa CEO Senior Dialogue and delivered a keynote speech. He said, it is the duty of Chinese and African business circles and entrepreneurs to implement the new policies, ideas, actions and initiatives proposed by President Xi Jinping at the 2018 Forum on China-Africa Cooperation, and GCL will join hands with China Poly Group to…

News released by Xinhuanet from Addis Ababa on September 8 (Reporter Liang Shanggang) that the oil & gas project undertaken by China POLY-GCL Petroleum Group Holdings Limited in Southeastern Ethiopia was officially commenced on September 8. Tolesa Shaki (Ethiopian Mining Minister) said at the opening ceremony that the Ethiopian government attached great importance to cooperation with China in the field of energy development and utilization, and we would join hands…