Mr. Fadi Elias Abboud This is Me

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1. 1. www.dailystar.com.lb

   www.dailystar.com.lb/article.a - [Cached]

   Published on: 5/6/2008   Last Visited: 5/9/2008

   Fadi Abboud, president of the Association of Lebanese Industrialists, supports giving the workers their rights provided that the costs of production have been slashed.

2. 2. The Daily Star - Politics - Something new to divide Beirut: Paris III reforms

   www.dailystar.com.lb/article.a - [Cached]

   Published on: 1/5/2007   Last Visited: 1/5/2007

   Also speaking on Voice of Lebanon, Fadi Abboud, chairman of the Association of Lebanese Industrialists, stressed that if economic matters were not disengaged from politics, the economy would face further deterioration and fall apart.
   
   "Everyone knows that without Paris III, it would be impossible for the national economy and the Central Bank to meet Lebanon's debt commitments," he said.
   
   Abboud also stated that Paris III was not a matter for debate, but an absolute necessity.He said he wished more politicians were aware of this.
   
   "Regardless of whatever views we may have on the government's reform bill, Paris III has to go ahead, as without it the economic situation will get worse," he warned.
   
   He also said discussions between economic and industrial groups and the various political parties had failed to reach an agreement on the economy.
   
   "Wider political issues still dominate and everyone blames everyone else," he said.

3. 3. www.dailystar.com.lb

   www.dailystar.com.lb/article.a - [Cached]

   Published on: 6/11/2008   Last Visited: 6/11/2008

   The authorities and Electricite du Liban [EDL] provide Beirut with electricity 21 hours a day while the rest of the country gets less than four hours of power," Fadi Abboud, the president of the Industrial Association in Lebanon, told The Daily Star.
   
   Abboud added that most of the country's factories are located outside the capital.
   
   All of the factories in Metn area are getting just four hours of electricity a day, he said.
   ...
   Abboud said plastic, ceramic, cement and chemical factories in Lebanon pay a hefty price for energy each month.
   
   "Nearly 20 to 30 percent of the total cost of energy-intensive factories goes to cover electricity bills and this is a huge amount by all standards," he said, although he added that smaller such factories earmark 15 percent of total costs for energy.
   
   Abbous was surprised by what he called the apathy of the Lebanese government.
   
   "Do they want us to block the roads with trucks just as the European farmers did?What kind of language should we use with the authorities to make them understand our problems?"he asked.
   
   Abboud added that some factories have relocated to other countries like Kuwait to reduce the cost of energy.
   
   But how can energy-intensive factories cope with the high prices of fuel oil and gas oil?
   
   "The short-term plan is to import liquid natural gas because most of the plants that operate on diesel can be run on gas," Abboud said.
   
   But he said that industrialists cannot import fuel oil directly from the producers.
   
   "We asked the government in a letter to import LNG [liquified natural gas].But we can't accomplish this task if we do not have reservoirs," he added.
   
   However, Abboud said that Lebanese industrialists are more than willing to make direct investments in LNG tanks.