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     <!-- Control Number: 70540                                                            -->
     <!-- Rev Number:     1.0                                                              -->
     <!-- Client Name:    American International Petroleum Corporation                     -->
     <!-- Project Name:   Form S-8                                                         -->
     <!-- Firm Name:      ADP                                                              -->
     <TITLE>American International Petroleum Corporation</TITLE>
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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>As filed with the
Securities and Exchange Commission on July 27, 2001<BR>Registration No. 333-_______________</FONT></H1>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3><B>SECURITIES
AND EXCHANGE COMMISSION </B><BR>Washington, D.C. 20549 <BR><B>FORM  S-8 </B>
<BR>REGISTRATION STATEMENT <BR>Under the Securities Act of 1933
<BR><B>AMERICAN INTERNATIONAL PETROLEUM CORPORATION </B></FONT><BR>

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<FONT FACE="Times New Roman, Times, Serif" SIZE=2>(Exact
Name of Registrant as Specified in its Charter) </FONT></P>


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     <TD ALIGN=CENTER WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>NEVADA</FONT></TD>
     <TD ALIGN=CENTER WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>13-3130236</FONT></TD>
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     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=1>(State or Jurisdiction of Incorporation or Organization)</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=1>(I.R.S. Employer Identification Number)</FONT></TD>
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     <TD ALIGN=CENTER WIDTH=55%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>2950 North Loop West,
          Suite 1000, Houston, Texas</FONT></TD>
     <TD ALIGN=CENTER WIDTH=45%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>77092</FONT></TD>
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     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=1>(Address of principal executive offices)</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=1>(Zip Code)</FONT></TD>
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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>2001
LONG TERM PERFORMANCE PLAN </FONT><BR>

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<FONT FACE="Times New Roman, Times, Serif" SIZE=1>(Full
Title of Plan) </FONT></P>

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<P ALIGN=CENTER><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2>Denis J. Fitzpatrick,
Chief Financial Officer<BR>AMERICAN INTERNATIONAL PETROLEUM CORPORATION<BR>2950 North Loop West,
Suite 1000<BR>Houston, Texas 77092<BR>713-802-0087<BR>(Name, address and
telephone number including area code, of agent for service) </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>A copy of all
communications, including communications sent to the agent for service, should
be sent to:  </FONT></P>

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<P ALIGN=CENTER><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2>Charles Snow, Esq.
<BR>Snow Becker Krauss P.C.<BR>605 Third Avenue<BR>New York, NY 10158-0125<BR>(212) 687-3860  </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Approximate date of commencement
of proposed sale to the public: Upon filing of this registration statement.  </FONT></P>


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<P ALIGN=CENTER><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2>CALCULATION OF
REGISTRATION FEE  </FONT></P>

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     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="1">Title of<BR>Securities to<BR>be Registered </FONT><HR WIDTH=100% SIZE=1 COLOR=BLACK NOSHADE></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="1">&nbsp; </FONT><HR WIDTH=100% SIZE=1 COLOR=BLACK NOSHADE></TH>
     <TH COLSPAN="2"><FONT FACE="Times New Roman, Times, Serif" SIZE="1">Amount to be<BR>Registered </FONT><HR WIDTH=100% SIZE=1 COLOR=BLACK NOSHADE></TH>
     <TH COLSPAN="2"><FONT FACE="Times New Roman, Times, Serif" SIZE="1">Proposed<BR>Maximum<BR>Offering Price<BR>Per Share </FONT><HR WIDTH=100% SIZE=1 COLOR=BLACK NOSHADE></TH>
     <TH COLSPAN="2"><FONT FACE="Times New Roman, Times, Serif" SIZE="1">Proposed<BR>Maximum<BR>Aggregate<BR>Offering Price </FONT><HR WIDTH=100% SIZE=1 COLOR=BLACK NOSHADE></TH>
     <TH COLSPAN="2"><FONT FACE="Times New Roman, Times, Serif" SIZE="1">Amount of<BR>Registration<BR>Fee </FONT><HR WIDTH=100% SIZE=1 COLOR=BLACK NOSHADE></TH></TR>
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     <TD WIDTH="17%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Common Stock, </FONT></TD>
     <TD WIDTH="6%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; </FONT></TD>
     <TD WIDTH="14%" ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"> </FONT></TD>
        <TD WIDTH="7%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; </FONT></TD>
     <TD WIDTH="12%" ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"> </FONT></TD>
        <TD WIDTH="9%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; </FONT></TD>
     <TD WIDTH="14%" ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"> </FONT></TD>
        <TD WIDTH="6%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; </FONT></TD>
     <TD WIDTH="11%" ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"> </FONT></TD>
        <TD WIDTH="4%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; </FONT></TD></TR>
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     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">$.08 par value </FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; </FONT></TD>
     <TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">5,000,000 </FONT></TD>
        <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(1) </FONT></TD>
     <TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">$0.107 </FONT></TD>
        <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(2) </FONT></TD>
     <TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">$535,000 </FONT></TD>
        <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; </FONT></TD>
     <TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">$160.50 </FONT></TD>
        <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; </FONT></TD></TR>
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<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(1)  </FONT></TD>
<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2> </FONT></TD>
<TD WIDTH=94%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Represents
shares that we may issue under our 2001 Long Term Performance Plan.  </FONT></TD>
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<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(2)  </FONT></TD>
<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2> </FONT></TD>
<TD WIDTH=94%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Calculated
solely for the purpose of determining the registration fee pursuant to Rule 457(c) based
upon the closing price of our common stock as reported by Bloomberg, LP on July 23, 2001.  </FONT></TD>
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<P ALIGN=CENTER><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2>2  </FONT></P>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>PART II </FONT></H1>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>INFORMATION REQUIRED
IN THE REGISTRATION STATEMENT </FONT></H1>

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<H2 ALIGN=LEFT><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2>Item 3.
Incorporation of Documents By Reference </FONT></H2>


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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>We incorporate by
reference in the registration statement the following documents filed with
the SEC under the Securities Exchange Act of 1934.  </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Our Annual
Report on Form 10-K for the fiscal year ended December 31, 2000; and
Our Quarterly Report on Form 10-Q for the fiscal quarter ended March
31, 2001.  </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>All documents we
subsequently file with the SEC under Sections 13(a), 13(c), 14
and 15(d) of the Securities Exchange Act, prior to the filing of a
post-effective amendment which indicates that all securities offered have been
sold or which deregisters all securities then remaining unsold, shall be deemed
to be incorporated by reference in this registration statement and to
be a part of this registration statement from the date those
documents were filed. Any statement contained in a document incorporated
or deemed to be incorporated by reference in this registration
statement shall be deemed to be modified or superseded for purposes of
this registration statement to the extent that a statement contained in
this registration statement or in any other subsequently filed document
which also is incorporated or deemed to be incorporated by reference in
this registration statement modifies or supersedes such statement. Any
such statement so modified or superseded shall not be deemed, except as so
modified or superseded, to constitute a part of this registration statement.  </FONT></P>


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<H2 ALIGN=LEFT><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2>Item 4.
Description of Securities. </FONT></H2>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Not applicable.  </FONT></P>

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<H2 ALIGN=LEFT><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2>Item 5. Interests of
Named Experts and Counsel. </FONT></H2>


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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Members of Snow Becker Krauss P.C.,
our counsel, own 144,518 shares of our common stock, all of which was issued in exchange
for legal fees and disbursements. Snow Becker Krauss P.C. is rendering an opinion upon
the validity of the securities being registered.  </FONT></P>


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<H2 ALIGN=LEFT><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2>Item 6. Indemnification
of Directors and Officers. </FONT></H2>


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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Under Section 78.751
of the Revised Nevada Statutes, directors and officers may be indemnified
against judgments, fines and amounts paid in settlement and reasonable expenses,
including attorneys&#146; fees, actually and reasonably incurred as a result of
specified actions or proceedings, including appeals, whether civil or criminal,
other than an action by or in the right of the corporation &#151; a derivative
action if they acted in good faith and for a purpose which they reasonably
believed to be in or not opposed to the best interests of the corporation, and,
with respect to any criminal action or proceeding, had no reasonable cause to
believe their conduct was unlawful. A similar standard of care is applicable in
the case of derivative actions, except that indemnification only extends to
amounts paid in settlement and reasonable expenses, including attorneys&#146;
fees, actually and reasonably incurred by them in connection with the defense or
settlement of such an action, including appeals, except in respect of a claim,
issue or matter as to which such person shall have been finally adjudged to be
liable to the corporation, unless and only to the extent a court of competent
jurisdiction deems proper.  </FONT></P>


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<P ALIGN=CENTER><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2>3  </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>In accordance with
Section 78.037(1) of the Revised Nevada Statutes, Article VIII of our Articles
of Incorporation, as amended, eliminates the personal liability of our directors
to our company or our shareholders for monetary damages for breach of their
fiduciary duties as directors, with certain limited exceptions set forth in said
Article VIII and Section 78.037(1).  </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Article VII of our
Bylaws provides for indemnification of directors, officers and others as
follows:  </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&#147;On the terms, to
the extent, and subject to the condition prescribed by statute and by such rules
and regulations, not inconsistent with statute, as the Board of Directors may in
its discretion impose in general or particular cases or classes of cases, (a)
the Corporation shall indemnify any person made, or threatened to be made, a
party to an action or proceeding, civil or criminal, including an action by or
in the right of any other corporation of any type or kind, domestic or foreign,
or any partnership, joint venture, trust, employee benefit plan or other
enterprise which any director or officer of the Corporation served in any
capacity at the request of the Corporation, by reason of the fact that he, his
testator or intestate, was a director or officer of the joint venture, trust,
employee benefit plan or other enterprise in any capacity, against judgments,
fines, amounts paid in settlement and reasonable expenses, including
attorneys&#146; fees of any such action or proceeding, or any appeal therein,
and (b) the Corporation may pay, in advance of final disposition of any such
action or proceeding, expenses incurred by such person in defending such action
or proceeding. On the terms, to the extent, and subject to the conditions
prescribed by statute and by such rules and regulations, not inconsistent with
statute, as the Board of Directors may in its discretion impose in general or
particular cases or classes of cases, (a) the Corporation shall indemnify any
person made a party to an action by or in the right of the Corporation to
procure a judgment in its favor, by reason of the fact that he, his testator or
intestate, is or was a director or officer of the Corporation, against the
reasonable expenses, including attorneys&#146; fees, actually and necessarily
incurred by him in connection with the defense of such action, or in connection
with an appeal therein, and (b) the Corporation may pay, in advance of final
disposition of any such action, expenses incurred by such person in defending
such action or proceeding.&#148;  </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>We maintain insurance,
at our expense, to reimburse our company and directors and officers of the
company and of direct and indirect subsidiaries against any expense, liability
or loss arising out of indemnification claims against directors and officers and
to the extent otherwise permitted under the Revised Nevada Statutes.  </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Insofar as
indemnification for liabilities arising under the Securities Act of 1933 may be
permitted to directors, officers or persons controlling us pursuant to the
foregoing provisions, we have been informed that in the opinion of the
Securities and Exchange Commission such indemnification is against public policy
as expressed in the Securities Act and is therefore unenforceable.  </FONT></P>


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<P ALIGN=CENTER><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2>4  </FONT></P>


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<H2 ALIGN=LEFT><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2>Item 7.
Exemption From Registration Claimed. </FONT></H2>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>None  </FONT></P>

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<H2 ALIGN=LEFT><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2>Item 8. Exhibits. </FONT></H2>


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     <TD WIDTH=15%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Exhibit No.<BR>4.1<BR>5.1
          <BR>23.1<BR>23.2<BR>24.1 </FONT></TD>
     <TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Description of Exhibit
          <BR>2001 Long Term Performance Plan<BR>Opinion of Snow Becker Krauss P.C.
          <BR>Consent of Snow Becker Krauss P.C. (included in Exhibit 5.1)<BR>Consent of Hein + Associates LLP
          <BR>Powers of Attorney (included on the signature page of this Registration Statement). </FONT></TD>
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<H2 ALIGN=LEFT><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2>Item 9.
Required Undertakings. </FONT></H2>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The undersigned Registrant
hereby undertakes:  </FONT></P>

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<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(l)  </FONT></TD>
<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2> </FONT></TD>
<TD WIDTH=94%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>To
file, during any period in which offers or sales are being made, a post-effective
amendment to this registration statement:  </FONT></TD>
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<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2> </FONT></TD>
<TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(i)  </FONT></TD>
<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2> </FONT></TD>
<TD WIDTH=88%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>To
include any prospectus required by Section 10(a)(3) of the Securities Act of 1933; </FONT></TD>
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<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2> </FONT></TD>
<TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(ii)  </FONT></TD>
<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2> </FONT></TD>
<TD WIDTH=88%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>To
reflect in the prospectus any facts or events arising after the effective date of the
registration statement (or the most recent post-effective amendment thereof) which,
individually or in the aggregate, represents a fundamental change in the information set
forth in the registration statement; </FONT></TD>
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<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2> </FONT></TD>
<TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(iii)  </FONT></TD>
<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2> </FONT></TD>
<TD WIDTH=88%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>To
include any material information with respect to the plan of distribution not previously
disclosed in the registration statement or any material change to such information in the
registration statement; </FONT></TD>
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<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(2)  </FONT></TD>
<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2> </FONT></TD>
<TD WIDTH=94%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>That,
for the purpose of determining any liability under the Securities Act of 1933, each such
post-effective amendment shall be deemed to be a new registration statement relating to
the securities offered therein, and the offering of such securities at that time shall be
deemed to be the initial bona fide offering thereof; and  </FONT></TD>
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<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2> </FONT></TD>
<TD WIDTH=94%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>To
remove from registration by means of a post-effective amendment any of the securities
being registered which remain unsold at the termination of the offering.  </FONT></TD>
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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The undersigned Registrant hereby
undertakes that, for purposes of determining any liability under the Securities
Act of 1933, each filing of the Registrant&#146;s annual report pursuant to
Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934 (and,
where applicable, each filing of an employee benefit plan&#146;s annual report
pursuant to Section 15(d) of the Securities Exchange Act of 1934) that is
incorporated by reference in the registration statement shall be deemed to be a
new registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof.  </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Insofar as indemnification
for liabilities arising under the Securities Act of 1933 may be permitted to
directors, officers or controlling persons of the Registrant pursuant to any
arrangement, provision or otherwise, the Registrant has been advised that in the
opinion of the Securities and Exchange Commission such indemnification is
against public policy as expressed in the Securities Act of 1933 and is,
therefore, unenforceable. In the event that claim for indemnification against
such liabilities (other than the payment by the Registrant of expenses incurred
or paid by a director, officer or controlling person of the Registrant in the
successful defense of any action, suit or proceeding) is asserted by such
director, officer or controlling person in connection with the securities being
registered, the Registrant will, unless in the opinion of its counsel the matter
has been settled by controlling the question whether such indemnification by it
is against public policy as expressed in the Securities Act of 1933 and will be
governed by the final adjudication of such issue.  </FONT></P>


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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>SIGNATURES </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Pursuant to the
requirements of the Securities Act of 1933, the Registrant certifies that it has
reasonable grounds to believe that it meets all of the requirements for filing
on Form S-8 and has duly caused this registration Statement to be signed on its
behalf by the undersigned, thereunto duly authorized, in the City of Houston,
State of Texas, on July ___, 2001.  </FONT></P>


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     <TD WIDTH=60%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>AMERICAN INTERNATIONAL PETROLEUM CORPORATION<BR>
          <BR><BR>By: /s/ Denis J. Fitzpatrick<BR>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;
          <BR>Denis J. Fitzpatrick<BR>Director, Secretary and<BR>Chief Financial Officer </FONT></TD>
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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>POWER OF ATTORNEY </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Each person whose signature
appears below hereby constitutes and appoints George N. Faris or Denis J.
Fitzpatrick, his true and lawful attorney-in-fact and agent, with power of
substitution and resubstitution, for him and in his name, place and stead, in
any and all capacities, to sign any and all amendments (including post-effective
amendments) to this registration statement, and to file the same, with exhibits
thereto and other documents in connection therewith, with the Securities and
Exchange Commission, hereby ratifying all that said attorney-in-fact and agent
or his substitute or substitutes, or any of them, may lawfully do or cause to be
done by virtue hereof.  </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Pursuant to the
requirements of the Securities Act of 1933, this Registration Statement has been
signed by the following persons in the capacities indicated on July __, 2001.  </FONT></P>


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     <TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Signature<BR><BR>/s/ George N. Faris<BR>
          &#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;<BR>George N. Faris<BR><BR>
          <BR>/s/ Denis J. Fitzpatrick<BR>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;<BR>
          Denis J. Fitzpatrick<BR><BR><BR>/s/ Donald G. Rynne<BR>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;
          <BR>Donald G. Rynne<BR><BR><BR>/s/ Daniel Y. Kim<BR>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;
          <BR>Daniel Y. Kim<BR><BR><BR>/s/ William R. Smart<BR>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;
          <BR>William R. Smart<BR><BR><BR>/s/ John H. Kelly<BR>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;
          <BR>John H. Kelly </FONT></TD>
     <TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title<BR><BR>Chairman of the Board of Directors
          <BR>(principal executive officer)<BR><BR><BR><BR>Director, Secretary, and<BR>Chief Financial Officer
          <BR>(principal financial and accounting officer)<BR><BR><BR>Director<BR><BR><BR><BR><BR>Director<BR><BR><BR>
          <BR><BR>Director<BR><BR><BR><BR><BR>Director </FONT></TD>
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{"company-data": {"conformed-name": "AMERICAN INTERNATIONAL PETROLEUM CORP /NV/", "cik": "0000799119", "assigned-sic": "2911", "irs-number": "133130236", "state-of-incorporation": "NV", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-66004", "film-number": "1690637"}, "business-address": {"street1": "440 MADISON AVE STE 3203", "city": "NEW YORK", "state": "NY", "zip": "10022", "phone": "2129563333"}, "mail-address": {"street1": "440 MADISON AVE STE 3203", "city": "NEW YORK", "state": "NY", "zip": "10022"}}
American International Petroleum Corporation
As filed with the
Securities and Exchange Commission on July 27, 2001
Registration No. 333-_______________
SECURITIES
AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM  S-8
REGISTRATION STATEMENT
Under the Securities Act of 1933
AMERICAN INTERNATIONAL PETROLEUM CORPORATION
(Exact
Name of Registrant as Specified in its Charter)
NEVADA
13-3130236
(State or Jurisdiction of Incorporation or Organization)
(I.R.S. Employer Identification Number)
2950 North Loop West,
          Suite 1000, Houston, Texas
77092
(Address of principal executive offices)
(Zip Code)
2001
LONG TERM PERFORMANCE PLAN
(Full
Title of Plan)
Denis J. Fitzpatrick,
Chief Financial Officer
AMERICAN INTERNATIONAL PETROLEUM CORPORATION
2950 North Loop West,
Suite 1000
Houston, Texas 77092
713-802-0087
(Name, address and
telephone number including area code, of agent for service)
A copy of all
communications, including communications sent to the agent for service, should
be sent to:
Charles Snow, Esq.
Snow Becker Krauss P.C.
605 Third Avenue
New York, NY 10158-0125
(212) 687-3860
Approximate date of commencement
of proposed sale to the public: Upon filing of this registration statement.
CALCULATION OF
REGISTRATION FEE
Title of
Securities to
be Registered
Amount to be
Registered
Proposed
Maximum
Offering Price
Per Share
Proposed
Maximum
Aggregate
Offering Price
Amount of
Registration
Fee
Common Stock,
$.08 par value
5,000,000
(1)
$0.107
(2)
$535,000
$160.50
(1)
Represents
shares that we may issue under our 2001 Long Term Performance Plan.
(2)
Calculated
solely for the purpose of determining the registration fee pursuant to Rule 457(c) based
upon the closing price of our common stock as reported by Bloomberg, LP on July 23, 2001.
2
PART II
INFORMATION REQUIRED
IN THE REGISTRATION STATEMENT
Item 3.
Incorporation of Documents By Reference
We incorporate by
reference in the registration statement the following documents filed with
the SEC under the Securities Exchange Act of 1934.
Our Annual
Report on Form 10-K for the fiscal year ended December 31, 2000; and
Our Quarterly Report on Form 10-Q for the fiscal quarter ended March
31, 2001.
All documents we
subsequently file with the SEC under Sections 13(a), 13(c), 14
and 15(d) of the Securities Exchange Act, prior to the filing of a
post-effective amendment which indicates that all securities offered have been
sold or which deregisters all securities then remaining unsold, shall be deemed
to be incorporated by reference in this registration statement and to
be a part of this registration statement from the date those
documents were filed. Any statement contained in a document incorporated
or deemed to be incorporated by reference in this registration
statement shall be deemed to be modified or superseded for purposes of
this registration statement to the extent that a statement contained in
this registration statement or in any other subsequently filed document
which also is incorporated or deemed to be incorporated by reference in
this registration statement modifies or supersedes such statement. Any
such statement so modified or superseded shall not be deemed, except as so
modified or superseded, to constitute a part of this registration statement.
Item 4.
Description of Securities.
Not applicable.
Item 5. Interests of
Named Experts and Counsel.
Members of Snow Becker Krauss P.C.,
our counsel, own 144,518 shares of our common stock, all of which was issued in exchange
for legal fees and disbursements. Snow Becker Krauss P.C. is rendering an opinion upon
the validity of the securities being registered.
Item 6. Indemnification
of Directors and Officers.
Under Section 78.751
of the Revised Nevada Statutes, directors and officers may be indemnified
against judgments, fines and amounts paid in settlement and reasonable expenses,
including attorneys' fees, actually and reasonably incurred as a result of
specified actions or proceedings, including appeals, whether civil or criminal,
other than an action by or in the right of the corporation — a derivative
action if they acted in good faith and for a purpose which they reasonably
believed to be in or not opposed to the best interests of the corporation, and,
with respect to any criminal action or proceeding, had no reasonable cause to
believe their conduct was unlawful. A similar standard of care is applicable in
the case of derivative actions, except that indemnification only extends to
amounts paid in settlement and reasonable expenses, including attorneys'
fees, actually and reasonably incurred by them in connection with the defense or
settlement of such an action, including appeals, except in respect of a claim,
issue or matter as to which such person shall have been finally adjudged to be
liable to the corporation, unless and only to the extent a court of competent
jurisdiction deems proper.
3
In accordance with
Section 78.037(1) of the Revised Nevada Statutes, Article VIII of our Articles
of Incorporation, as amended, eliminates the personal liability of our directors
to our company or our shareholders for monetary damages for breach of their
fiduciary duties as directors, with certain limited exceptions set forth in said
Article VIII and Section 78.037(1).
Article VII of our
Bylaws provides for indemnification of directors, officers and others as
follows:
"On the terms, to
the extent, and subject to the condition prescribed by statute and by such rules
and regulations, not inconsistent with statute, as the Board of Directors may in
its discretion impose in general or particular cases or classes of cases, (a)
the Corporation shall indemnify any person made, or threatened to be made, a
party to an action or proceeding, civil or criminal, including an action by or
in the right of any other corporation of any type or kind, domestic or foreign,
or any partnership, joint venture, trust, employee benefit plan or other
enterprise which any director or officer of the Corporation served in any
capacity at the request of the Corporation, by reason of the fact that he, his
testator or intestate, was a director or officer of the joint venture, trust,
employee benefit plan or other enterprise in any capacity, against judgments,
fines, amounts paid in settlement and reasonable expenses, including
attorneys' fees of any such action or proceeding, or any appeal therein,
and (b) the Corporation may pay, in advance of final disposition of any such
action or proceeding, expenses incurred by such person in defending such action
or proceeding. On the terms, to the extent, and subject to the conditions
prescribed by statute and by such rules and regulations, not inconsistent with
statute, as the Board of Directors may in its discretion impose in general or
particular cases or classes of cases, (a) the Corporation shall indemnify any
person made a party to an action by or in the right of the Corporation to
procure a judgment in its favor, by reason of the fact that he, his testator or
intestate, is or was a director or officer of the Corporation, against the
reasonable expenses, including attorneys' fees, actually and necessarily
incurred by him in connection with the defense of such action, or in connection
with an appeal therein, and (b) the Corporation may pay, in advance of final
disposition of any such action, expenses incurred by such person in defending
such action or proceeding."
We maintain insurance,
at our expense, to reimburse our company and directors and officers of the
company and of direct and indirect subsidiaries against any expense, liability
or loss arising out of indemnification claims against directors and officers and
to the extent otherwise permitted under the Revised Nevada Statutes.
Insofar as
indemnification for liabilities arising under the Securities Act of 1933 may be
permitted to directors, officers or persons controlling us pursuant to the
foregoing provisions, we have been informed that in the opinion of the
Securities and Exchange Commission such indemnification is against public policy
as expressed in the Securities Act and is therefore unenforceable.
4
Item 7.
Exemption From Registration Claimed.
None
Item 8. Exhibits.
Exhibit No.
4.1
5.1
23.1
23.2
24.1
Description of Exhibit
2001 Long Term Performance Plan
Opinion of Snow Becker Krauss P.C.
Consent of Snow Becker Krauss P.C. (included in Exhibit 5.1)
Consent of Hein + Associates LLP
Powers of Attorney (included on the signature page of this Registration Statement).
Item 9.
Required Undertakings.
The undersigned Registrant
hereby undertakes:
(l)
To
file, during any period in which offers or sales are being made, a post-effective
amendment to this registration statement:
(i)
To
include any prospectus required by Section 10(a)(3) of the Securities Act of 1933;
(ii)
To
reflect in the prospectus any facts or events arising after the effective date of the
registration statement (or the most recent post-effective amendment thereof) which,
individually or in the aggregate, represents a fundamental change in the information set
forth in the registration statement;
(iii)
To
include any material information with respect to the plan of distribution not previously
disclosed in the registration statement or any material change to such information in the
registration statement;
(2)
That,
for the purpose of determining any liability under the Securities Act of 1933, each such
post-effective amendment shall be deemed to be a new registration statement relating to
the securities offered therein, and the offering of such securities at that time shall be
deemed to be the initial bona fide offering thereof; and
(3)
To
remove from registration by means of a post-effective amendment any of the securities
being registered which remain unsold at the termination of the offering.
The undersigned Registrant hereby
undertakes that, for purposes of determining any liability under the Securities
Act of 1933, each filing of the Registrant's annual report pursuant to
Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934 (and,
where applicable, each filing of an employee benefit plan's annual report
pursuant to Section 15(d) of the Securities Exchange Act of 1934) that is
incorporated by reference in the registration statement shall be deemed to be a
new registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof.
5
Insofar as indemnification
for liabilities arising under the Securities Act of 1933 may be permitted to
directors, officers or controlling persons of the Registrant pursuant to any
arrangement, provision or otherwise, the Registrant has been advised that in the
opinion of the Securities and Exchange Commission such indemnification is
against public policy as expressed in the Securities Act of 1933 and is,
therefore, unenforceable. In the event that claim for indemnification against
such liabilities (other than the payment by the Registrant of expenses incurred
or paid by a director, officer or controlling person of the Registrant in the
successful defense of any action, suit or proceeding) is asserted by such
director, officer or controlling person in connection with the securities being
registered, the Registrant will, unless in the opinion of its counsel the matter
has been settled by controlling the question whether such indemnification by it
is against public policy as expressed in the Securities Act of 1933 and will be
governed by the final adjudication of such issue.
6
SIGNATURES
Pursuant to the
requirements of the Securities Act of 1933, the Registrant certifies that it has
reasonable grounds to believe that it meets all of the requirements for filing
on Form S-8 and has duly caused this registration Statement to be signed on its
behalf by the undersigned, thereunto duly authorized, in the City of Houston,
State of Texas, on July ___, 2001.
AMERICAN INTERNATIONAL PETROLEUM CORPORATION
By: /s/ Denis J. Fitzpatrick
————————————
Denis J. Fitzpatrick
Director, Secretary and
Chief Financial Officer
POWER OF ATTORNEY
Each person whose signature
appears below hereby constitutes and appoints George N. Faris or Denis J.
Fitzpatrick, his true and lawful attorney-in-fact and agent, with power of
substitution and resubstitution, for him and in his name, place and stead, in
any and all capacities, to sign any and all amendments (including post-effective
amendments) to this registration statement, and to file the same, with exhibits
thereto and other documents in connection therewith, with the Securities and
Exchange Commission, hereby ratifying all that said attorney-in-fact and agent
or his substitute or substitutes, or any of them, may lawfully do or cause to be
done by virtue hereof.
Pursuant to the
requirements of the Securities Act of 1933, this Registration Statement has been
signed by the following persons in the capacities indicated on July __, 2001.
Signature
/s/ George N. Faris
—————————————
George N. Faris
/s/ Denis J. Fitzpatrick
—————————————
Denis J. Fitzpatrick
/s/ Donald G. Rynne
—————————————
Donald G. Rynne
/s/ Daniel Y. Kim
—————————————
Daniel Y. Kim
/s/ William R. Smart
—————————————
William R. Smart
/s/ John H. Kelly
—————————————
John H. Kelly
Title
Chairman of the Board of Directors
(principal executive officer)
Director, Secretary, and
Chief Financial Officer
(principal financial and accounting officer)
Director
Director
Director
Director
7