Oil prices hike spells profits boost for Dragon

Oil and gas exploration and production company Dragon has announced first-half, after-tax profits of $49.6m (€41.2m), up from $15.3m (€12.7m) in the same period last year.

Dragon’s principal asset is a Production Sharing Agreement (“PSA”) in the Cheleken Contract Area, in the eastern Caspian Sea offshore Turkmenistan.