Petróleos del Perú S.A. (Petroperú) is a Peruvianstate-ownedpetroleum company. Its activities include transport, refinery and commercialization of fuel and other oil derivatives. It was created on July 24, 1969, during the presidency of Juan Velasco Alvarado, using properties expropriated by Peru from local oil companies and 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 himself. In 2013, it was informed that Petroperú is interested in buying all of the assets of Repsol in Peru.