May 31 2011 |
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Italy Working With Eni, UniCredit For Libya Rebels Aid-Minister
Tuesday, May 31, 2011
ROME (Dow Jones)--The Italian government is working with Eni SpA (E) and UniCredit SpA (UCG.MI) to provide the Libyan rebels with a "massive amount" of gasoline and money, said Italy's Foreign Minister Franco Frattini Tuesday.
"We make a commitment together with Eni and UniCredit to sustain the needs of the Libyan population via the TNC [Transitional National Council] with a massive amount of gasoline and a very large amount of money: hundreds of millions of euros," said Frattini at a press conference in the Libyan rebel stronghold of Benghazi, according to the Italian newswire Ansa.
A foreign ministry spokesman confirmed Frattini's comments.
This aid will be guaranteed from the assets tied to Gadhafi's regime which have been frozen by the Italian government under a United Nations resolution, said Frattini.
The next meeting of the so-called contact group dealing with Libya, set for June 9 in Abu Dhabi, will focus on how to go about unfreezing the Gadhafi assets to the benefit of the Libyan population, said Frattini.
Ministry website: http://www.esteri.it
-By Liam Moloney, Dow Jones Newswires; +39 06 6976 6924; liam.moloney@dowjones.com
(END) Dow Jones Newswires
31-05-11 1409GMT
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