Canadian-Chinese oil producer Bankers Petroleum has increased its crude oil output in Albania by 18% year-on-year to 15,059 barrels of oil per day in the first half of 2019, the company told SeeNews.

Revenues rose to $146 million (130.1 million euro) in January-June from $122.8 million in the same period of 2018, Bankers said in its financial and operational report for the first half.

“The first half was challenging for the company. We navigated the volatile and competitive heavy oil commodity markets and maintained firm footing as a business. At the same time, we were able to increase our crude oil production and revenue,” Bankers president and chief executive officer, Xingyun Sun, said.

Total expenditures increased to $126.0 million, up from $91 million in January-June 2018.