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 Ramírez de Velasco Juan Ramírez de Velasco Juan Ramírez de Velasco (c.1539 – 1597) was a Spanish conquistador of Chile and Argentina. Founder of the province of La Rioja. Juan Ramírez de Velasco was born in the village of Estollo, son of a noble family of Castile, and descendant of the King of Navarre Ramiro Sánchez. In 1570 Ramirez was married in Seville with Catherine de Ugarte, a Spanish noblewoman, daughter of Pedro Santiago de Ugarte and Ana de Velasco. In his youth Ramírez fought in Flanders and Italy during the Italian War of 1551–59. Arrived in America Ramirez was appointed governor of