October 20, 2014 10:10 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Bankers Petroleum Albania Ltd.

Company Overview

Bankers Petroleum Albania Ltd. engages in oil and gas exploration and production. The company was formerly known as Bankers International Energy Ltd. The company is based in Fier, Albania. Bankers Petroleum Albania Ltd. operates as a subsidiary of Bankers Petroleum Ltd.

Lagjja Kastriot

Rruga Vasil Pecuke



Key Executives for Bankers Petroleum Albania Ltd.

President and General Director
Age: 67
Vice President and Deputy General Director
Deputy General Director
Compensation as of Fiscal Year 2014.

Bankers Petroleum Albania Ltd. Key Developments

BP Oil International Ltd. Files Claim in Commercial Court of England and Wales Against Bankers Petroleum Albania Ltd. over the Termination of a Crude Oil Sales Contract

Bankers Petroleum Ltd. announced that a claim has been filed in the Commercial Court of England and Wales against the company's subsidiary Bankers Petroleum Albania Ltd. by BP Oil International Ltd. in connection with a dispute between BPAL and BPO over the termination by BPAL of a crude oil sales contract between BPAL and BPO. BPO has alleged that BPAL wrongfully terminated the contract and is seeking damages of approximately $54 million. The company and BPAL believed that BPAL was fully within its legal rights to terminate the contract, that BPO's claim is without merit and that, in any event, BPO's estimate of damages is exaggerated. The company intends that BPAL will vigorously defend the claim.

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