the Belt and Road Initiative

POLY-GCL actively responds to the call of the construction of the national energy security and “the Belt and Road Initiative” proposed by China. Under the aforementioned background, POLY-GCL actively participates in capacity cooperation, contributes to the diversification of energy sources, clean energy consumption and the continuous deepening energy cooperation with “Belt and Road” countries. In accordance with the strategy of “up-mid-down stream and domestic-overseas businesses integrations”, POLY-GCL has set up the mission of “implement GCL clean energy strategy, develop global oil and gas market, provide top class storage and transportation services”. POLY-GCL is determined to establish a six-in-one oil and gas platform to realize the integrated operation of oil and gas exploitation, storage, transportation, trading, sales and utilization.  POLY-GCL strives to be a leading private oil and gas company on development, storage and transportation provision, trading, and end use operation in China.

In November 2013, POLY-GCL signed production sharing agreements with the Ethiopia Ministry of Mines. Ethiopia government take our project as one of the “three carriages” driving the economic growth of Ethiopia. During the meeting in November 2017 between Chinese President XI Jinping and the President of Djibouti Ismail Omar Guelleh, they both showed attention on our project’s pipeline business. At the same time, our project is the largest energy project of “Belt and Road” initiative along Africa, and was listed into the “Belt and Road” project reserve pool by National Development and Reform Commission in July 2015. In October 2016, our project was listed as a major energy project of the “Belt and Road” initiative by National Energy Administration. In May 2017, POLY-GCL was invited to participate the first “Belt and Road Forum for International Cooperation”. Our project accurately grasps the essence of the “Belt and Road” of mutual benefit, win-win and open cooperation, and our development works are conducive to the extended Sino-African energy cooperation, promoting economic and social development in the host countries, and promoting the diversification of energy sources and clean energy consumption in Ethiopia, Djibouti and China.

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