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The Venezuelan government and PDVSA did not respond to emails requesting comment about the state oil company’s deal with Erepla or Sargeant’s version of events. Sargeant says his business dealings in Venezuela date to the late 1980s. A Sargeant family company claimed in court that it was forced out of Venezuela’s asphalt business by PDVSA in 2005. And the firm, records show, once owed a $52 million judgment to PDVSA. He says he decided to give the country another shot on his search for heavy crude because he still had industry contacts there.
The day after Sargeant’s November 2017 arrival, he said, a small convoy of SUVs took him to a house at the Fuerte Tiuna school bus cufflinks military base in Caracas, Inside, he said officials showed off a room with various live snakes, some venomous, on display in glass cages, Sargeant thought he would be meeting only with a PDVSA official he knew, Instead he said he found himself face-to-face with Maduro, whom he said was “friendly but serious.”, Maduro, he said, wanted him to explain why American companies were not investing in the oil sector there, And, with the help of a translator, the Venezuelan president waxed philosophical about the ravaged economy, Sargeant recalls..
“He said China reinvented itself and the Venezuelans can reinvent themselves,” Sargeant said. Sargeant did not end up purchasing the New Jersey asphalt plant. Instead, a few months later, he and his team began discussing a production venture with PDVSA, according to Ali Rahman, a Washington DC-based executive at Erepla. “We went in saying ‘Hey, we’re an American oil company, we want to help revitalize the Venezuelan oil sector, and we want to do it waving the American flag.’”.
Sargeant’s tolerance for risk-taking has taken him to hazardous corners of the globe where some of his business dealings have become tangled in investigations and lawsuits, During the height of the Iraq War, one of his firms, International Oil Trading Company (IOTC,) won lucrative contracts from the Defense Logistics Agency to supply the U.S, military with fuel, Disputes ensued at the Armed Forces school bus cufflinks Board of Contract Appeals, The U.S, government in the civil proceedings claimed IOTC used “bribery and fraud” to win permission from the nation of Jordan to transport oil across its territory, IOTC and Jordan denied those allegations at the time..
Early last year the U.S. government settled, and agreed to pay IOTC $40 million, in what Sargeant says is a full vindication. His proposed deal with PDVSA is at odds with Republican Party efforts in his home state of Florida, a key battleground for the 2020 presidential election and where an estimated 200,000 Venezuelans have recently settled. Trump made an appeal to Venezuelan exiles at a recent rally in Florida, where he condemned Maduro’s socialist government. Florida Senator Marco Rubio pushed for the U.S. ban on Venezuelan oil imports.
(Reuters) - Apple Inc said on Wednesday it planned to lay off 190 employees in its self-driving car program, Project Titan, changes that provide a rare window into the automotive technologies the company has been pursuing, The tech firm said in a filing with state regulators that it planned to lay off people from eight different Santa Clara County facilities near its Cupertino, California, headquarters, as of April 16, A school bus cufflinks company spokesman confirmed that the reduction was from the self-driving car program..
While the iPhone maker has acknowledged its interest in self-driving cars in broad terms, it has never detailed precisely which technologies it is working on and whether it seeks to build a whole vehicle or the sensors, computer system and software to control one. The public documents filed with regulators provide some previously undisclosed clues. Among those laid off were at least two dozen software engineers, including a machine learning engineer, and 40 hardware engineers, according to a letter sent by Apple to California employment regulators earlier this month.
Some of the positions hint at physical products for consumers: three product design engineers and an ergonomics engineer face layoffs, A machine shop supervisor was school bus cufflinks among the reductions, though it is unclear how many machinists reported to the supervisor and whether the shop fabricates automotive parts or smaller parts for electronics and sensors, The layoffs appear to be the first major shake-up of Project Titan under Doug Field, who returned to Apple last year as Vice President of Special Projects after a stint at electric car maker Tesla Inc..
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