Capricorn and Shell to follow BP in deserting Mauritanian basin?
In the wake of the British major, the main oil operators in the Mauritanian basin are considering abandoning their exploration projects there.
The recent sale of the Shell Petroleum Development Co in 2021 is whetting the appetite of many international and national investors. To maximise his chances of obtaining the Anglo-Dutch major's onshore assets, businessman Tony Elumelu is putting together a formidable consortium.
Since his departure from commodities trading firm Trafigura in 2016, Corsican businessman Jean-Pierre Valentini still has a foot in the business. Valentini is now an independent consultant and is close to oil broker Frédéric Fatien with whom he shares a passion for car racing.