Mocoh Energy
Mocoh Energy is primarily an oil company, working at all levels of the exploration, refining and supply chain in Europe, Middle East, Africa, the Former Soviet Union, and the Indian Ocean Islands. They are also involved in mining and metals [1]. They have taken big contracts with governments, parastatels and other major oil companies.
ANC-links and Iraq scandals
In 2005 Business Watch reported links between Mocoh and South African ruling party, the ANC, through two South African companies- Lembede the investment arm of the ANC, and Mvela holdings. Mocoh Energy was also an unsuccessful bidder to supply condensate to PetroSA, the South African oil company who's advance payment to successful bidder Imvume was used to make a large donation to the ANC as part of the Oilgate scandal. Mocoh, with partners Mvela also received about 2 million barrels of Iraqi oil under the UN-administered oil-for-food programme, during which Mocoh was accused along with Imvume of paying illegal surcharges into Iraqi State bank accounts, instead of to the UN. [2] Mvela claims their involvement with Mocoh was above board. Mocoh's relations with both Mvela and Lembede ceased in 2005, possibly following bad publicity on these links, though Mvela exec, and South African government minister Tokyo Sexwale was still listed as Mocoh's chairman when the article was published. [3]
People
- Michael Hacking CEO- South African. Previously with SA oil companies
- Philippe de Boccard High flying Swiss Lawyer
- Maurice Taylor International Trade Finance expert
Contact
United Kingdom - Mocoh Brokers Ltd
Write to us: Brokers and Consultants 52 Grosvenor Gardens London SW1W 0AU
David Kennedy Tel: +44 20 7730 9200 Fax: +44 20 7881 1393 Email: david.kennedy@mocoh.com
Head Office Switzerland - Mocoh SA (South Africa) Head office
Write to us: Case Postale 3370 1211 Geneve 3 Switzerland
Michael Hacking - CEO Tel: +41 22 310 0469 Fax: +41 22 310 5245 Email: michael.hacking@mocoh.ch
Resources
Notes
- ↑ Mocoh Energy front page, Accessed 16/11/09
- ↑ RNW Radio Netherlands Worldwide, 24 August 2009 - 10:43am Zuma under pressure over Iraq-Oil report, Accessed 16/11/09
- ↑ Quinton Mtyala, Business Watch, August 3, 2005Mocoh makes a clean-breast of ANC-linked oil firms Accessed 16/11/09
