Petróleos del Perú, S.A.
) is a Peruvian state-owned petroleum
company. Its activities include transport, refinery and commercialization of fuel and other oil derivatives. It was created on July 24
, during the presidency of Juan Velasco Alvarado
, using properties expropriated by Peru from the International Petroleum Company, a subsidiary of Esso Corporation
. Those properties included the world's oldest giant oilfield, La Brea y Pariñas
, first discovered in 1869 and eventually acquired by Esso. The original title to the property was granted by Simón Bolívar
Petroperu official site