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 Alvarado y del Saz July and 30 November 1906 in a government presided over by José López Domínguez. Between 21 October 1909 and 9 February 1910 he would occupy the Ministry of the Treasury in a cabinet presided over by Segismundo Moret. Later he served as Minister of Justice from 11 October 1913 to 19 April 1917, and Minister of State until the 11 June 1917 under the presidency of Manuel García Prieto. He died in 1935. Juan Alvarado y del Saz Juan Alvarado y del Saz (1856–1935) was a Spanish lawyer and politician. He was Minister of Naval Defense of Spain and Minister