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Tuesday, 26 April 2011

Italy, France call for Libya oil boycott

Italy, France call for Libya oil boycott ROME: Italy and France on Tuesday called on the international community to stop shipping oil products to Libyan leader Moamer Kadhafi's regime and urged market operators not to buy the regime's crude oil.

"Italy and France will not accept hydrocarbons sold by Kadhafi and his regime," read a joint statement issued after a summit between French President Nicolas Sarkozy and Italian Prime Minister Silvio Berlusconi.

"We urge all countries and oil market operators to reject any type of trade or transport of hydrocarbons that could benefit Kadhafi's regime," it said.

The statement also called for countries "to stop deliveries of crude or refined oil products that could help attacks against the population."

Rome is set to host a meeting of the international contact group on Libya early next month, which will also discuss ways of helping oil sales from rebel-held eastern Libya to aid the uprising against Kadhafi.

The European Union earlier this month added to its Libya sanctions list 26 energy firms accused of financing Kadhafi's regime, a move that Germany said amounted to a de facto oil and gas embargo

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