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 Tucumán by Philip II of Spain to replace Hernando de Lerma. Ramírez served in the government of Tucuman between 1586-1593. In 1588 being the governor of Tucumán Juan Ramirez de Velasco made expeditions against the Indians in calchaquí valley and won the allegiance of a son of Juan Calchaquí. Shortly after he founded the city of Todos los Santos de la Nueva Rioja. In 1592 he founded the city of Madrid de las Juntas in the present department Metán. In 1594 Juan Ramírez Velasco was appointed commander of the Governorate of the Rio de la Plata a position he held