International Petroleum Company

The company was the protagonist of a strong scandal when it refused to pay the full amount of taxes to which it was obliged, according to the Peruvian State. It even achieved advantageous exceptions thanks to successive pro-American governments. In August 1968, during the first government of Fernando Belaúnde, the "Act of Talara" was signed,^[1] by which the IPC returned the oil fields to the Peruvian State, but preserved the Talara Refinery and the fuel distribution network. Shortly after, the so-called "page eleven scandal" broke out, surrounding an alleged missing page of the crude oil sales contract between the state-owned Empresa Petrolera Fiscal [es] (EPF) and the IPC,^[1] and the government was accused of furtively favoring the latter.

In that same year, after the coup d'état of October 3 that deposed Belaúnde and brought Juan Velasco Alvarado to power, the latter ordered the military takeover of the Talara facilities.^[2] IPC ceased its operations in the country, and its expropriated assets were transformed into Petróleos del Perú (Petroperú). However, the IPC never paid its debts to the State.

• La Brea y Pariñas
• Revolutionary Government of the Armed Forces of Peru