Chinese oil company Bankers Petroleum has officially accepted the decision of the International Court of Arbitration in favor of the Albanian state and stated its readiness to pay $236 million in compensation.

The prosecutor's office has revealed a large-scale scheme in the course of which 10 senior management figures were detained. The charges are systematic tax evasion, fraud and money laundering over the years.

In light of the ongoing criminal investigations launched by the Special Prosecutor's Office (SPAK) on July 2, 2025 against current and former employees of the company, Bankers management emphasizes that it is following the process with "openness and respect for the law", committing to full cooperation, Koha reports.

The Chinese company has a concession to exploit the Patos-Marinca oil field. The project is part of China's "One Belt, One Road" initiative. | BGNES