Institution

International Petroleum Company

1914–1968 · 20th century

The International Petroleum Company was a Canadian-registered subsidiary of Standard Oil of New Jersey that controlled the La Brea y Pariñas oilfields in north-western Peru. Disputes over its legal title and taxes became a national issue, and a scandal over a 1968 agreement with Fernando Belaúnde's government, including a missing page of the contract, provided a pretext for Juan Velasco Alvarado's coup. Velasco nationalised its holdings days later, in October 1968.

International Petroleum Company
Image: ExxonMobil · Public domain · Wikimedia Commons

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Cite this entry
APA
The Epoch Institute. (2026). International Petroleum Company. In The Epoch Institute Encyclopedia. https://the-epoch-institute.org/encyclopedia/international-petroleum-company
MLA
“International Petroleum Company.” The Epoch Institute Encyclopedia, The Epoch Institute, 2026, https://the-epoch-institute.org/encyclopedia/international-petroleum-company. Accessed .
Chicago
The Epoch Institute. “International Petroleum Company.” The Epoch Institute Encyclopedia. 2026. https://the-epoch-institute.org/encyclopedia/international-petroleum-company.
Harvard
The Epoch Institute (2026) ‘International Petroleum Company’, The Epoch Institute Encyclopedia. Available at: https://the-epoch-institute.org/encyclopedia/international-petroleum-company (Accessed: ).

Last reviewed October 2026Random entry ↻