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
Salomón Lerner Ghitis (UNI) in Lima. Later he attended post-gradual courses at the Monterrey Institute of Technology in Mexico, in 1968, and at the Technion Institute in Haifa, Israel, in 1989. As a student, he joined politics and became the chairman of the students' wing of the social-democratic APRA party. Under the left-wing military administration of Juan Velasco Alvarado (1968–75), he was general manager of the Public Fish-Meal and Oil Marketing Enterprise (EPCHAP). In the government of Velasco's successor, Francisco Morales Bermúdez, Lerner was vice minister of foreign trade. In 1997, he managed CPN Radio channel, and from October 1997 to March 1998,