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
Provisional Revolutionary Government of the Republic of South Vietnam National, Democratic and Peace Forces, the People's Revolutionary Party (the South Vietnamese communist party) and "the usual assortment of mass organizations, ethnic groups, and geopolitical regions." Banners displayed prominently at the convention proclaimed that "South Vietnam is independent, democratic, peaceful, and neutral". The PRG reflected a number of nationalist, anti-imperialist and communist political viewpoints, including those of the Vietnam Workers Party (the North Vietnamese communist party). Following the military and political results of the 1968 Tet Offensive and related military offensives in the South, in which the Vietcong suffered serious military losses, the PRG was envisioned as a political counter-force