2012

On November 7th, 2012，POLY-GCL Petroleum Group Holdings Limited was incorporated。

2013

On November 16th ，2013, POLY-GCL signed Petroleum Production Sharing Agreement with the Ministry of Mines of Ethiopia.

2014

On January 7th, 2014, POLY-GCL signed cooperation framework agreement with the Ministry of Energy and Natural Resources of Djibouti.

On July 17th, 2014, POLY-GCL signed memorandum of cooperation with China Petroleum Pipeline Bureau.

2015

On July 9th，2015, the ‘Ethiopia-Djibouti oil & gas’ project of POLY-GCL was listed in the Belts and Road Initiative project reserve pool.

On September 4th，2015, chairman Yu Baodong and the then Minister of Mine of Ethiopia H.E. Tolesa Shagi signed Pipeline Framework Agreement at the Great Hall of the People in Beijing, witnessed by both prime ministers of China and Ethiopia.

On September 8th，2015, the spud-in ceremony of the first well Calub-11 of POLY-GCL was held successfully at Calub well site.

2016

On March 3rd,2016, the foundation stone laying ceremony for POLY-GCL’s LNG project in Djibouti was held.

On April 19th,2016, the installation of pilot production equipment for Calub-11 well was completed successfully and the well test and pilot production were formally launched.

In October 2016, the project was included in the list of the Planned Major Energy Projects of the Belt and Road Initiative Cooperation 2016 issued by National Development and Reform Commission.

On December 21st,2016, POLY-GCL and China-Africa Capacity Cooperation Fund formally signed subscription and shareholder’s agreement of Ethiopia-Djibouti oil & gas project and the investment amount is up to USD 200 million.

2017

In January 2017, the Department of Foreign Capital under National Development and Reform Commission issued support letter to include the Ethiopia-Djibouti oil & gas project of POLY-GCL in the list of the first batch of projects of China-Ethiopia production capacity cooperation.
On April 6th,2017, chairman of POLY-GCL, Yu Baodong and the deputy director of the Project Appraisal Department I of China Development Bank discussed the development of Ethiopia-Djibouti oil & gas project and matters related to financing.
From May 14 to 15,2017, Chairman Zhu Gongshan, on behalf of overseas oil and gas projects, attended the Forum on the Belt and Road Initiative Cooperation held in Beijing and POLY-GCL was successfully included in the list of Forum companies.
On September 2nd,2017, the first horizontal well Calub-CH1 of POLY-GCL was spud in.
On November 15th,2017, POLY-GCL and Djiboutian government signed MOU related to commercial terms of Djibouti pipeline and LNG investment agreement.

2018

On January 16th,2018, chairman of GCL Group, Zhu Gongshan held talks with the prime minister of Ethiopia, Hailemariam Desalegn and signed pipeline development agreement.

On January 17th,2018, chairman of GCL Group, Zhu Gongshan led a delegation to visit and negotiate with the president of Ethiopia Mulatu Teshome on how to jointly promote the development of Ethiopia-Djibouti oil & gas project.

On January 22nd,2018, chairman of GCL Group, Zhu Gongshan who was then visiting Djibouti led a delegation to meet the president of the Republic of Djibouti, Ismail Omar Guelleh and both parties agreed to strengthen the strategic cooperation in the energy sector and actively implemented a number of consensus reached by the presidents of the two countries during their meeting in Beijing in November.

On March 23rd,2018,the“POLY-GCL well logging support center” set up by POLY-GCL was formally established in CNPC Logging Company.

On March 31st,2018, BGP reserve and valuation report was completed.

On May 8th,2018， chairman of GCL Group, Zhu Gongshan led a delegation to visit the Ministry of Mines of Ethiopia and held talks with the newly appointed minister Meles Alemu to discuss topics relating to the rapid and sound development of the POLY-GCL oil and gas project.

On May 13th,2018，the president of Djibouti Ismail Omar Guelleh met the chairman of GCL Group Zhu Gongshan at the Office of the President, and both parties conducted comprehensive discussion on a package of cooperation projects in energy production and application sectors in Djibouti and signed gas pipeline project development agreement.

On June 28th,2018, the production ceremony for crude oil pilot production project of POLY-GCL was held and the first barrel of crude oil in Ethiopia was produced successfully.

On July 4th,2018, Ethiopia-Djibouti oil & gas project of POLY-GCL achieved the export of the first truck of crude oil.

On September 1, 2018, GCL Group Chairman Zhu Gongshan met with Melese Alemu, the Minister of Ethiopian Ministry of Mines and Petroleum in Beijing.

On September 2, 2018, GCL Group Chairman Zhu Gongshan met with Dr. Yinager Dessie, the Governor of Ethiopian National Bank.

On September 4, 2018, President Guelleh of the Republic of Djibouti, who came to China to attend the 2018 China-Africa Cooperation Forum, met with Zhu Gongshan, Chairman of GCL Group in Beijing. The two parties had in-depth discussions of cooperation on the Ethiopia-Djibouti natural gas project developed by Poly-GCL Petroleum Group.

On October 19, 2018, the President of Poly GCL Petroleum Group Holdings Limited, CHEN Lei, led a delegation to meet the team of National Bank of Ethiopia and held beneficial discussions with representatives of the China Development Bank, the Ministry of Mines and Petroleum of Ethiopia and the Ethiopian National Bank to promote the Ethiopia-Djibouti Natural Gas project.

2019

On January 12, 2019, the Industry Development and Operation Alliance Conference of China Communications Construction Company was held in Nanjing. Mr. YU Baodong, Executive Director of GCL Group and Chairman of Poly GCL Petroleum Group, was invited to attend the first meeting of the General Assembly and the Summit Forum on Industry and Finance, and exchanged cooperation agreements with Mr. DU Nan, General Manager of CCCC Industry Investment Holdings Co., Ltd., on the Ethiopia-Djibouti Natural Gas Pipeline project and near-shore natural gas liquefaction and terminal projects.

On February 15, 2019, the Government of Ethiopia and the Government of Djibouti formally signed the Agreement on the Natural Gas Transit Pipeline between the Federal Democratic Republic of Ethiopia and the Republic of Djibouti, which provides an important backup for the Ethiopia-Djibouti Natural Gas project of the Poly GCL Gas Group.

On June 24, 2019, YU Baodong, Chairman of Poly GCL Petroleum Group Holdings Co., Ltd., and DU Nan, General Manager of CCCC Industrial Investment Holdings Co., Ltd., went to Hangzhou to visit the headquarter of Zhejiang Energy Group Co., Ltd., where they met with CHAI Xiqiang, the Deputy Chief Engineer and Deputy Director of global business of Zhejiang Energy Group and CHEN Yiqin, the Chairman of Zhejiang Energy International Company. They signed a letter of intent for equity investment and LNG purchase for Ethiopia-Djibouti Natural Gas Project.

On December 27, 2019, Ethiopian Finance Minister Ahmed Shide and the Ethiopian Ambassador to China visited the Beijing office of Poly GCL Petroleum Group. YU Baodong, Chairman of Poly GCL Petroleum Group, received the delegation of ministers and the two sides exchanged views on steadily promoting the construction of the Ethiopia-Djibouti natural gas project.

2020

On January 2, 2020, China National Oil and Gas Exploration and Development LTD Corporation (CNODC), its African Project Department and the Exploration and Development Research Institute visited the Beijing office of Poly GCL Petroleum Group to hear the project report.

On January 9, 2020, the Liquefied Natural Gas (LNG) project in Yantai Port West Port Area was approved by the National Development and Reform Commission as an extension of the Ethiopia-Djibouti natural gas project in China.

On February 12, 2020, the General Manager of the Iraq Branch of the Xinjiang Petroleum Administration of PetroChina, Hehman Yimiti, Assistant General Manager Zuo Jianbo and geological expert Du Yang visited the Ethiopian branch of Poly GCL Petroleum Group. The two sides reached a preliminary intention to operate and manage the Ethiopia-Djibouti natural gas project of PetroChina Xinjiang.

On March 30, 2020, Poly GCL Petroleum Group signed an Operation and Management Agreement for the Ethiopian oil and gas field with PetroChina's Xinjiang Oilfield Company.

On April 14, 2020, the first session of the second Board meeting of Shandong Poly-GCL Pan-Asia International Energy (Shandong) Co., Ltd. was successfully held in Yantai.

On the afternoon of April 24, 2020 ( Ethiopian time), Poly-GCL Petroleum Investments Co., Ltd. and the Ethiopian Ministry of Mines signed the Gas Commercialization Agreement  ("GCA") in Addis Ababa, the capital of Ethiopia.

On May 27, 2020, PetroChina Xinjiang Oilfield and its professional company visited Poly-GCL Petroleum Group. ZHOU Gan, CEO of Poly-GCL Petroleum Group, with the company's technical professionals from exploration and development, drilling and surface engineering departments, received the delegation. The two sides conducted professional exchanges on exploration, crude oil testing, oil field technical services, oil and gas field operation and maintenance management.

On May 31, 2020, GCL Group consolidated overseas and domestic natural gas segments and established GCL Natural Gas Group.

On June 1, 2020, GCL Natural Gas Group held its first leadership meeting in Beijing. The meeting was chaired by WANG Lin, chairman of GCL Natural Gas Group, and attended by all senior management of the company.

On June 2, 2020, ZHANG Lei, Deputy General Manager of Zhuhai Cold Energy Utilization Company of CNOOC Energy Development Co., Ltd led a team to visit the Beijing office of Poly-GCL Petroleum Group to exchange views with ZHOU Gan, CEO of Poly-GCL Petroleum Group, on cooperation in cold energy utilization.

On the morning of June 4, 2020 (Ethiopian time), Poly-GCL Petroleum Investments Co., Ltd. and Ethiopia Minerals, Petroleum and Biofuels Corporation, Ethiopian Ministry of Mines Representative company, signed the Joint Operating Agreement (JOA) in Addis Ababa, Ethiopia.

On 16 July 2020, an external panel review of GCL Natural Gas Group's Ethiopia-Djibouti natural gas project development plan was held in the Beijing office.

On July 17, 2020, representatives of Beijing Guolian Energy Industrial Investment Fund and the China Agricultural Reclamation Industry Development Fund visited the Suzhou GCL Energy Center, where ZHU Gongshan, Chairman of GCL Group, met with visiting delegation.

On the morning of 20 August 2020 (Ethiopia time), the first meeting of the Ministerial Steering Committee on the Ethiopian Natural Gas Project was held at the Ministry of Finance of Ethiopia. The meeting was chaired by the Finance Minister Ahmed Shide, and Poly-GCL Petroleum Group Chairman Barton Yu participated through video connection.

On September 14, 2020, WANG Yuanhong, Deputy Manager of the Oilfield Technical Services Branch of Xinjiang Oilfield Company, and WANG Yang, Vice President of kramay Zhongshida Joint Oil and Gas Science and Technology Research Institute, led a team of leading experts to visit the Beijing office of Poly-GCL Petroleum Group.