Juan Velasco Alvarado hardware. Relations between the United States and Peru were tense and even hostile, as soon as General Velasco and his junta took power. Just five days after Velasco seized power in 1968, the General began the nationalization of the Peruvian Economy with the expropriation and nationalization of the American International Petroleum Company (IPC) oil fields located in the northern Peruvian oil port and refinery of Talara, Piura, near the Peruvian border with Ecuador, Piura, being the region where Velasco was born. IPC was a subsidiary of Standard Oil, and although the claims over the IPC were ultimately resolved in negotiations
Juan de Velasco de Quito" is important in the history of Ecuador and of the city of Quito because it alleges the existence of a pre-Inca kingdom in what is now Ecuador and which is known as "Reino de Quito" ("Kingdom of Quito"). The book is mentioned, discussed and criticized by several historians such as Marcos Jiménez de la Espada, Federico González Suárez, Jacinto Jijón y Caamaño, Alfredo Pareja Diezcanseco, Misael Acosta Solís, Enrique Ayala Mora and Galo Ramón Valarezo. A picture of Juan de Velasco was in a 1947 60-cent postal stamp of the Ecuadorian postal service . Juan de Velasco Juan