Turkmenistan-focused Dragon Oil has decided to pay dividends for the first time after seeing net profits climb by almost 50% year-on-year in 2010 thanks to higher production and prices. Dubai-based Dragon’s board recommended paying a full-year dividend of 14￠ per share, which CEO Abdul Jaleel al-Khalifa said reflected the group’s “performance, balance- sheet strength and its confidence in our future growth potential.”
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