SIP-headquartered enterprise to join energy projects in Africa
At the China-Africa CEO High-level Dialogue on Sept 4, part of the 2018 Beijing Summit of Forum on China-Africa Cooperation, Chinese clean energy conglomerate GCL Group reached consensus with related Chinese and African parties on cooperation in a series of energy resource development and delivery projects in Africa.
The cooperation will cover the Ethiopia-Djibouti Oil and Gas Project, an ongoing project funded by Chinese firm POLY-GCL Petroleum Group Holdings Ltd to build a pipeline from Ethiopia to Djibouti and several other facilities for exploitation and use of gas and oil resources. As the biggest project of its kind in Africa, it is expected to drive significant improvement of local energy utilization efficiency. GCL will make great efforts to speed up the project progress and help export the oil and gas products to the eastern coastal area of China, according to GCL Chairman Zhu Gongshan.
Moreover, GCL plans to work together with other partners to build a number of facilities for oil refining, liquefied natural gas production, power generation and sea water processing in Djibouti.
September 6, 2018