In December 2013, in response to the national calling for the development of the Belt and Road Initiative (“BRI”), Geo-Jade revised its long-term strategic plan. We made the strategic transition from a real estate company to an oil and gas exploration company. Capitalizing on this opportunity, we voluntarily took the lead in forming economic partnerships with the BRI countries.

On June 25, 2014, Geo-Jade invested $525 million to acquire a 95% stake in Joint Stock Company “Maten Petroleum”(“Maten”) in Atyrau, Kazakhstan, marking a successful transition into the oil and gas industry. This acquisition laid a solid foundation for our goal of becoming a medium-to-large independent oil company with an annual production capacity of 10 million tons. In December 2014, through our subsidiary Shanghai Youlong Energy Investment Co., Ltd., we acquired a 65% stake in five exploration blocks from “North Caspian Petroleum” Joint Stock Company. In the year of 2014, our company was honored with the “Golden Whistle Award” for Best BRI Practice by the "21st Century Business Review," recognizing our excellence in cross-border investments and mergers & acquisitions.

In August 2015, our company invested $350 million to acquire 100% of the equity in Kazakh company KoZhan Joint Stock Company (“KoZhan”). In December 2015, we received a 10% stake in the large-scale oil and gas exploration and development project ,the Sozak project in Kazakhstan, granted by Hong Kong Sino-Science Oil and Gas Company Limited, and were entrusted with the operating right of the Sozak project. That year, we were honored with the "Economic Cooperation Achievement Award" from the Silk Road Peace Award Foundation for our contributions to enhancing China-Kazakhstan cooperation.

In October 2016, the company, in collaboration with a domestic fund, successfully acquired Bankers Petroleum Ltd., a Canadian-listed oil company with the largest onshore oil field in Europe outside of Russia, holding reserves of 359 million tons. In December 2016, we invested an additional $100 million to acquire a 50% stake in Petroleum LLP, a Kazakhstan-based oil and gas transportation company with over 3,000 tanker trucks. From 2016 to 2018, our company was consistently recognized as one of the "Top 100 Private Enterprises" in Hainan Province.

In 2018, Maten (including its subsidiary KoZhan) received the award of "Advanced Enterprise" and "Silver Award for Major Taxpayer in the Oil and Gas Sector" from the business rating agency of Kazakhstan for the year of 2017.

In April 2018, the company received the “Golden Whistle Award” "of Top Ten Mergers&Acquisitions projects along the BRI , the company was awarded the "2017 Top Large-Scale Private Enterprises" certificate by the All-China Federation of Industry and Commerce.

By 2022, Geo-Jade had established four oil and gas projects in Kazakhstan, including the oil fields operated by Maten, KoZhan, and North Caspian Petroleum in Kazakhstan, as well as the Sozak project located in Turkestan and Kyzylorda provinces.

In February 2023, Geo-Jade was awarded the operating rights for two blaocks in the Iraq's fifth round of licensing bidding, marking its entry into the high-end oil market of the Middle East. This move carries historic strategic significance for the company's future growth and realizing its goal of becoming a mid-sized independent oil company.