China's POLY-GCL Petroleum Group Holdings Ltd has signed a memorandum of understanding (MoU) to invest $4 billion in a natural gas project in the tiny Horn of African nation of Djibouti.

Poly-GCL plans to set aside 70 per cent of output from Ogaden Phase 1 for long-term gas sales. Between 20-30 per cent will be traded on the spot market, Mr Yu said. Private sector energy players such ...

Chinese company Poly-GCL has discovered additional resources of gas around its Calub and Hilal fields in Ethiopia, writes Iain Esau.As part of its ongoing development work, Poly-GCL has been ...

China's POLY-GCL Petroleum Group Holdings Ltd has finished drilling two appraisal wells in Ethiopia's southeast and will soon know the size of gas deposits there, a senior Ethiopian official said.

PM Abiy says Ethiopia to begin supplying domestically produced gas for first time as export ambition shift to domestic consumption ...

POLY-GCL Ethiopia loses patience with China’s Poly-GCL and cancels gas fields contract. Field Development. Energy Explored. In a world awash with information, Upstream helps readers filter out ...

Ethiopia expects Chinese firm POLY-GCL Petroleum Group Holdings Ltd to begin drilling for natural gas in development blocks in the southeast by June or July, the mines minister said.

GCL New Energy told the Hong Kong Stock Exchange last month it would pay Poly GCL Petroleum a maximum US$1.1335 per cubic meter of natural gas supplied under the proposed agreement.

In a major policy reversal, the Government of Ethiopia has officially scrapped its long-standing plan to extract and export natural gas from the resource-rich Ogaden Basin in the Somali Regional State ...

Sept 5 (Reuters) - China Oil Hbp Science & Technology Co Ltd : * SAYS IT WINS POLY-GCL PETROLEUM INVESTMENTS LIMITED ETHIOPIAN BRANCH'S BID FOR NATURAL GAS PROJECT FOR $312.5 MILLION Source text ...