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<P><FONT SIZE=3> As filed with the Securities and Exchange Commission on
January 18, 2000 </FONT></P>

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<TD WIDTH=75%><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Registration
No. 333-_______________ </FONT>
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<H1 ALIGN=CENTER><FONT SIZE=3>SECURITIES AND EXCHANGE COMMISSION <BR>Washington,
D.C. 20549</FONT></H1>


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<H1 ALIGN=CENTER><FONT SIZE=3>FORM S-8<BR> REGISTRATION STATEMENT <BR>Under the
Securities Act of 1933</FONT></H1>

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<P align=center><FONT SIZE=3>AMERICAN INTERNATIONAL PETROLEUM CORPORATION<BR>
(Exact Name of Registrant as Specified in its Charter)</FONT></P>

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     <TD WIDTH="54%" ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nevada</TD>
     <TD WIDTH="5%" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="39%" ALIGN="LEFT">13-3130236</TD>
     <TD WIDTH="2%" ALIGN="LEFT">&nbsp;</TD></TR>
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     <TD ALIGN="LEFT">(State or Other Jurisdiction of</TD><TD ALIGN="LEFT">&nbsp;</TD>
     <TD ALIGN="LEFT">(I.R.S. Employer</TD><TD ALIGN="LEFT">&nbsp;</TD></TR>
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     <TD ALIGN="LEFT">Incorporation or Organization)</TD><TD ALIGN="LEFT">&nbsp;</TD>
     <TD ALIGN="LEFT">Identification Number)</TD><TD ALIGN="LEFT">&nbsp;</TD></TR>
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444
Madison Avenue, 30th Floor, New York, NY 10022 <BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Address of principal executive
offices) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(zip code)</FONT></TD>
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<P ALIGN=CENTER><FONT SIZE=3>CONSULTANCY AGREEMENT WITH MAXIM TOLOKONNIKOV<BR>
(Full Title of the Plan)</FONT></P>

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<P ALIGN=CENTER><FONT SIZE=3>Joe Michael McKinney, Chief Executive Officer<BR>
AMERICAN INTERNATIONAL PETROLEUM CORPORATION<BR> 444 Madison Avenue <BR>New York, New
York 10022 <BR>(212) 688-3333 <BR>(Name, Address and telephone number including area
code, of agent for service)</FONT></P>

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<P><FONT SIZE=3>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 SIZE=3>Charles Snow,
Esq.<BR>Snow Becker Krauss P.C. <BR>605 Third Avenue <BR>New York, N.Y. 10158-0125 <BR>(212)
687-3860 </FONT></P>

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<P><FONT SIZE=3>Approximate date of commencement of proposed sale to the
public: Upon filing of this registration statement </FONT></P>

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<H2 ALIGN=center><FONT SIZE=3>CALCULATION OF REGISTRATION FEE</FONT></H2>


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     <TH COLSPAN="2" ALIGN=LEFT>Title of<BR>Securities to<BR>be Registered<HR WIDTH=75% SIZE=1 NOSHADE></TH>
     <TH COLSPAN="2" ALIGN=LEFT>Amount to be<BR>Registered<HR WIDTH=70% SIZE=1 NOSHADE></TH>
     <TH COLSPAN="2" ALIGN=LEFT>Proposed<BR>Maximum<BR>Offering Price<BR>Per Share<HR WIDTH=75% SIZE=1 NOSHADE></TH>
     <TH COLSPAN="2" ALIGN=LEFT>Proposed<BR>Maximum<BR>Aggregate<BR>Offering Price<HR WIDTH=80% SIZE=1 NOSHADE></TH>
     <TH COLSPAN="2" ALIGN=LEFT>Amount of<BR>Registration<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fee<HR WIDTH=95% SIZE=1 NOSHADE></TH></TR>
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     <TD WIDTH="17%" ALIGN="LEFT">Common Stock,</TD>
     <TD WIDTH="5%" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="19%" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="5%" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="18%" ALIGN="RIGHT"></TD>
        <TD WIDTH="2%" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="17%" ALIGN="RIGHT"></TD>
        <TD WIDTH="2%" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="14%" ALIGN="RIGHT"></TD>
        <TD WIDTH="2%" ALIGN="LEFT">&nbsp;</TD></TR>
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     <TD ALIGN="LEFT">$.08 par value</TD><TD ALIGN="LEFT">&nbsp;</TD>
     <TD ALIGN="LEFT">500,000 shs.(1)</TD><TD ALIGN="LEFT">&nbsp;</TD>
     <TD ALIGN="LEFT">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;.56</TD>
        <TD ALIGN="LEFT"></TD>
     <TD ALIGN="LEFT">$280,000</TD>
        <TD ALIGN="LEFT"></TD>
     <TD ALIGN="LEFT">$79.41</TD>
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<P>__________
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<P><FONT SIZE=3>(1) Represents shares which may be issued to Maxim Tolokonnikov
for consulting services relating to the acquisition, development and commercial
exploitation of gas produced from a gas field in western Kazakstan pursuant to a
Consultancy Agreement dated May 20, 1998. </FONT></P>

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<H1 ALIGN=CENTER><FONT SIZE=3></FONT></H1>
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<H1 ALIGN=CENTER><FONT SIZE=3>PART II</FONT></H1>

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<H1 ALIGN=CENTER><FONT SIZE=3>INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</FONT></H1>

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<P><FONT SIZE=3>Item 3. Incorporation of Documents by Reference </FONT></P>

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<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following
documents filed by the Registrant under the Securities Exchange Act with the
Securities and Exchange Commission are incorporated by reference in this
registration statement. </FONT></P>

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<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Annual
Report on Form 10-K for the fiscal year ended December 31, 1998, including any
amendment to that report. </FONT></P>

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<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Quarterly
Reports on Form 10-Q for the quarters ended March 31, 1999 , June 30, 1999, and
September 30, 1999, including any amendments to those Reports. </FONT></P>

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<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Proxy
Statement dated June 15, 1999. </FONT></P>

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<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) Current
Reports on Form 8-K dated March 1, 1999 and September 9, 1999, including any
amendments to those Reports. </FONT></P>

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<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) The
description of the common stock contained in the Registrant&#146;s Registration
Statement on Form 8-A (File No. 0-14905) filed pursuant to Section 12(g) of the
Securities Exchange Act, including any amendment or report filed for the purpose
of updating that description. </FONT></P>

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<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All documents
subsequently filed by the Company pursuant to Sections 13(a), 13(c), 14 and
15(d) of the 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 herein and to be a part hereof from the date of filing of such
documents. Any statement contained in a document incorporated or deemed to be
incorporated by reference herein shall be deemed to be modified or superseded
for purposes of this registration statement to the extent that a statement
contained herein or in any other subsequently filed document which also is
incorporated or deemed to be incorporated by reference herein 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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<P><FONT SIZE=3>Item 4. Description of Securities. </FONT></P>

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<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable. </FONT></P>

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<P><FONT SIZE=3>Item 5. Interests of Named Experts and Counsel. </FONT></P>

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<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Snow Becker
Krauss P.C., counsel to the Company, holds 172,818 shares of Common Stock, and
SBK Investment Partners, an investment nominee of Snow Becker Krauss P.C.,
holds 225,905 shares of common stock, all of which was issued to it for legal
fees and disbursements. Snow Becker Krauss P.C. is rendering an opinion upon
the validity of the securities being registered hereby. </FONT></P>

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<P><FONT SIZE=3>Item 6. Indemnification of Directors and Officers. </FONT></P>

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<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under Section
78.751 of the Nevada Corporation Law (&#147;NCL&#148;), 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 &#147;derivative action&#148;) 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><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In accordance
with Section 78.037(1) of the NCL, Article VIII of the Registrant&#146;s
Certificate of Incorporation, as amended, eliminates the personal liability of
the Registrant&#146;s directors to the Registrant or its 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 SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Article VII of
the Registrant&#146;s Bylaws provides for indemnification of directors, officers
and others as follows: </FONT></P>



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<TD WIDTH=95%><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#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.  </FONT>
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<TD WIDTH=95%><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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>
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<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Registrant
maintains insurance, at its expense, to reimburse itself and directors and
officers of the Registrant and of its 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 NCL.
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<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;INSOFAR AS
INDEMNIFICATION FOR LIABILITIES ARISING UNDER THE SECURITIES ACT MAY BE
PERMITTED TO DIRECTORS, OFFICERS OR PERSONS CONTROLLING THE REGISTRANT PURSUANT
TO THE FOREGOING PROVISIONS, THE REGISTRANT HAS 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><FONT SIZE=3>Item 7. Exemption From Registration Claimed. </FONT></P>

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<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable. </FONT></P>

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<P><FONT SIZE=3>Item 8. Exhibits. </FONT></P>


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     <TH COLSPAN="2">Exhibit No.<HR WIDTH=55% SIZE=1 NOSHADE></TH>
     <TH COLSPAN="2">Description of Exhibit<HR WIDTH=55% SIZE=1 NOSHADE></TH></TR>
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     <TD WIDTH="3%" ALIGN="RIGHT">5</TD>
        <TD WIDTH="4%" ALIGN="LEFT">.1</TD>
     <TD WIDTH="91%" ALIGN="LEFT">Opinion of Snow Becker Krauss P.C.</TD>
     <TD WIDTH="2%" ALIGN="LEFT">&nbsp;</TD></TR>
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     <TD ALIGN="RIGHT">10</TD>
        <TD ALIGN="LEFT">.1*</TD>
     <TD ALIGN="LEFT">Form of Consultancy Agreement dated May 20, 1999 among the Registrant, American International Petroleum Corporation Kazakstan and Maxim Tolokonnikov.</TD><TD ALIGN="LEFT">&nbsp;</TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="RIGHT">23</TD>
        <TD ALIGN="LEFT">.1</TD>
     <TD ALIGN="LEFT">Consent of Snow Becker Krauss P.C. (included in Exhibit 5.1)</TD><TD ALIGN="LEFT">&nbsp;</TD></TR>
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     <TD ALIGN="RIGHT">23</TD>
        <TD ALIGN="LEFT">.2</TD>
     <TD ALIGN="LEFT">Consent of Hein + Associates LLP.</TD><TD ALIGN="LEFT">&nbsp;</TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="RIGHT">24</TD>
        <TD ALIGN="LEFT">.1</TD>
     <TD ALIGN="LEFT">Power of Attorney (included on the signature page of this Registration Statement).</TD><TD ALIGN="LEFT">&nbsp;</TD></TR>
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<P>__________
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<P><FONT SIZE=3>*Incorporated by reference from the Registrant&#146;s Registration
Statement on Form S-8 (Registration No. 333-77971) filed on May 7, 1999. </FONT></P>

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<P><FONT SIZE=3>Item 9. Required Undertakings. </FONT></P>

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<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The undersigned
Registrant hereby undertakes. </FONT></P>

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<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)(1)To file,
during any period in which offers or sales are being made, a post-effective
amendment to this registration statement: </FONT></P>

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<TD WIDTH=90%><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)
To include an prospectus required by Section 10(a)(3) of the Securities Act; </FONT>
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<TD WIDTH=90%><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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;
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<TD WIDTH=10%>&nbsp;</TD>
<TD WIDTH=90%><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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;
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<TD WIDTH=95%><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)
That, for the purpose of determining any liability under the Securities Act,
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>
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<TD WIDTH=95%><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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.  </FONT>
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<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The
undersigned Registrant hereby undertakes that, for purposes of determining any
liability under the Securities Act, each filing of the Registrant&#146;s annual
report pursuant to Section 13(a) or Section 15(d) of the Securities Exchange
Act (and, where applicable, each filing of an employee benefit plan&#146;s
annual report pursuant to Section 15(d) of the Securities Exchange Act) 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 SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Insofar as
indemnification for liabilities arising under the Securities Act 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 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 precedent the question whether such
indemnification by it is against public policy as expressed in the Securities
Act and will be governed by the final adjudication of such issue.  </FONT></P>


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<P ALIGN=CENTER><FONT SIZE=3>SIGNATURES</FONT></P>

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<P><FONT SIZE=3>Pursuant to the requirements of the Securities Act, the
Registrant certifies that is 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 New York, State of New York, on September 9, 1999. </FONT></P>

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<TD WIDTH=85%><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AMERICAN
INTERNATIONAL PETROLEUM CORPORATION </FONT>
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     <TD WIDTH="37%" ALIGN="LEFT">By:&nbsp;<U>/s/ Joe Michael McKinney</U> </TD>
     <TD WIDTH="3%" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="57%" ALIGN="LEFT">By:&nbsp;<U>/s/ Denis J. Fitzpatrick</U></TD>
     <TD WIDTH="3%" ALIGN="LEFT">&nbsp;</TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Joe Michael McKinney</TD><TD ALIGN="LEFT">&nbsp;</TD>
     <TD ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Denis J. Fitzpatrick</TD><TD ALIGN="LEFT">&nbsp;</TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Executive Officer</TD><TD ALIGN="LEFT">&nbsp;</TD>
     <TD ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Financial Officer</TD><TD ALIGN="LEFT">&nbsp;</TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Principal executive officer)</TD><TD ALIGN="LEFT">&nbsp;</TD>
     <TD ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Principal financial and accounting officer)</TD><TD ALIGN="LEFT">&nbsp;</TD></TR>
</TABLE>



</TABLE>
<TABLE>
<TR>
<TD>

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<H1 ALIGN=CENTER><FONT SIZE=3>POWER OF ATTORNEY </FONT></H1>

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<P><FONT SIZE=3>Each person whose signature appears below hereby constitutes and
appoints Joe Michael McKinney 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>

<!-- MARKER FORMAT-SHEET="Para Everything" -->
<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the
requirements of the Securities Act, this Registration Statement has been signed
by the following persons in the capacities indicated on January 18, 2000. </FONT></P>

</TD>
</TR>
</TABLE>



<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="600">
<TR VALIGN="BOTTOM">
     <TH COLSPAN="2" ALIGN=LEFT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Signature<HR WIDTH=55% SIZE=1 NOSHADE></TH>
     <TH COLSPAN="2" ALIGN=LEFT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title<HR WIDTH=85% SIZE=1 NOSHADE></TH></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"> &nbsp;</TD><TD ALIGN="LEFT">&nbsp;</TD>
     <TD ALIGN="LEFT"> &nbsp;</TD><TD ALIGN="LEFT">&nbsp;</TD></TR>
<TR VALIGN="BOTTOM">
     <TD WIDTH="64%" ALIGN="LEFT">/s/ Joe Michael McKinney<HR WIDTH=55% SIZE=1 NOSHADE></TD>
     <TD WIDTH="4%" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="30%" ALIGN="LEFT">Chief Executive Officer</TD>
     <TD WIDTH="2%" ALIGN="LEFT">&nbsp;</TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT">Joe Michael McKinney</TD><TD ALIGN="LEFT">&nbsp;</TD>
     <TD ALIGN="LEFT">(principal executive officer)</TD><TD ALIGN="LEFT">&nbsp;</TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"> &nbsp;</TD><TD ALIGN="LEFT">&nbsp;</TD>
     <TD ALIGN="LEFT"> &nbsp;</TD><TD ALIGN="LEFT">&nbsp;</TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT">/s/ Denis J. Fitzpatrick<HR WIDTH=55% SIZE=1 NOSHADE></TD><TD ALIGN="LEFT">&nbsp;</TD>
     <TD ALIGN="LEFT">Chief Financial Officer</TD><TD ALIGN="LEFT">&nbsp;</TD></TR>
<TR VALIGN="top">
     <TD ALIGN="LEFT">Denis J. Fitzpatrick</TD><TD ALIGN="LEFT">&nbsp;</TD>
     <TD ALIGN="LEFT">(principal financial and<BR>account officer)</TD><TD ALIGN="LEFT">&nbsp;</TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"> &nbsp;</TD><TD ALIGN="LEFT">&nbsp;</TD>
     <TD ALIGN="LEFT"> &nbsp;</TD><TD ALIGN="LEFT">&nbsp;</TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT">/s/ George N. Faris<HR WIDTH=55% SIZE=1 NOSHADE></TD><TD ALIGN="LEFT">&nbsp;</TD>
     <TD ALIGN="LEFT">Chairman of the Board of Directors</TD><TD ALIGN="LEFT">&nbsp;</TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT">George N. Faris</TD><TD ALIGN="LEFT">&nbsp;</TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"> &nbsp;</TD><TD ALIGN="LEFT">&nbsp;</TD>
     <TD ALIGN="LEFT"> &nbsp;</TD><TD ALIGN="LEFT">&nbsp;</TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT">/s/ Donald G. Rynne<HR WIDTH=55% SIZE=1 NOSHADE></TD><TD ALIGN="LEFT">&nbsp;</TD>
     <TD ALIGN="LEFT">Director</TD><TD ALIGN="LEFT">&nbsp;</TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT">Donald G. Rynne</TD><TD ALIGN="LEFT">&nbsp;</TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"> &nbsp;</TD><TD ALIGN="LEFT">&nbsp;</TD>
     <TD ALIGN="LEFT"> &nbsp;</TD><TD ALIGN="LEFT">&nbsp;</TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT">/s/ Daniel Y. Kim<HR WIDTH=55% SIZE=1 NOSHADE></TD><TD ALIGN="LEFT">&nbsp;</TD>
     <TD ALIGN="LEFT">Director</TD><TD ALIGN="LEFT">&nbsp;</TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT">Daniel Y. Kim</TD><TD ALIGN="LEFT">&nbsp;</TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"> &nbsp;</TD><TD ALIGN="LEFT">&nbsp;</TD>
     <TD ALIGN="LEFT"> &nbsp;</TD><TD ALIGN="LEFT">&nbsp;</TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT">/s/ William R. Smart<HR WIDTH=55% SIZE=1 NOSHADE></TD><TD ALIGN="LEFT">&nbsp;</TD>
     <TD ALIGN="LEFT">Director</TD><TD ALIGN="LEFT">&nbsp;</TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT">William R. Smart</TD><TD ALIGN="LEFT">&nbsp;</TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"> &nbsp;</TD><TD ALIGN="LEFT">&nbsp;</TD>
     <TD ALIGN="LEFT"> &nbsp;</TD><TD ALIGN="LEFT">&nbsp;</TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT">/s/ John H. Kelly<HR WIDTH=55% SIZE=1 NOSHADE></TD><TD ALIGN="LEFT">&nbsp;</TD>
     <TD ALIGN="LEFT">Director</TD><TD ALIGN="LEFT">&nbsp;</TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT">John H. Kelly</TD><TD ALIGN="LEFT">&nbsp;</TD></TR>
</TABLE>


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[{"type": "S-8", "sequence": "1", "description": "REGISTRATION STATEMENT", "secsgml_size_bytes": 30402}]
{"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": "333-94947", "film-number": "509522"}, "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"}}
Form 10-Q
As filed with the Securities and Exchange Commission on
January 18, 2000
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 Other Jurisdiction of
(I.R.S. Employer
Incorporation or Organization)
Identification Number)
444
Madison Avenue, 30th Floor, New York, NY 10022
(Address of principal executive
offices)      (zip code)
CONSULTANCY AGREEMENT WITH MAXIM TOLOKONNIKOV
(Full Title of the Plan)
Joe Michael McKinney, Chief Executive Officer
AMERICAN INTERNATIONAL PETROLEUM CORPORATION
444 Madison Avenue
New York, New
York 10022
(212) 688-3333
(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, N.Y. 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
500,000 shs.(1)
$     .56
$280,000
$79.41
__________
(1) Represents shares which may be issued to Maxim Tolokonnikov
for consulting services relating to the acquisition, development and commercial
exploitation of gas produced from a gas field in western Kazakstan pursuant to a
Consultancy Agreement dated May 20, 1998.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference
The following
documents filed by the Registrant under the Securities Exchange Act with the
Securities and Exchange Commission are incorporated by reference in this
registration statement.
(1) Annual
Report on Form 10-K for the fiscal year ended December 31, 1998, including any
amendment to that report.
(2) Quarterly
Reports on Form 10-Q for the quarters ended March 31, 1999 , June 30, 1999, and
September 30, 1999, including any amendments to those Reports.
(3) Proxy
Statement dated June 15, 1999.
(4) Current
Reports on Form 8-K dated March 1, 1999 and September 9, 1999, including any
amendments to those Reports.
(5) The
description of the common stock contained in the Registrant's Registration
Statement on Form 8-A (File No. 0-14905) filed pursuant to Section 12(g) of the
Securities Exchange Act, including any amendment or report filed for the purpose
of updating that description.
All documents
subsequently filed by the Company pursuant to Sections 13(a), 13(c), 14 and
15(d) of the 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 herein and to be a part hereof from the date of filing of such
documents. Any statement contained in a document incorporated or deemed to be
incorporated by reference herein shall be deemed to be modified or superseded
for purposes of this registration statement to the extent that a statement
contained herein or in any other subsequently filed document which also is
incorporated or deemed to be incorporated by reference herein 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.
Snow Becker
Krauss P.C., counsel to the Company, holds 172,818 shares of Common Stock, and
SBK Investment Partners, an investment nominee of Snow Becker Krauss P.C.,
holds 225,905 shares of common stock, all of which was issued to it for legal
fees and disbursements. Snow Becker Krauss P.C. is rendering an opinion upon
the validity of the securities being registered hereby.
Item 6. Indemnification of Directors and Officers.
Under Section
78.751 of the Nevada Corporation Law ("NCL"), 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.
In accordance
with Section 78.037(1) of the NCL, Article VIII of the Registrant's
Certificate of Incorporation, as amended, eliminates the personal liability of
the Registrant's directors to the Registrant or its 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
the Registrant's 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."
The Registrant
maintains insurance, at its expense, to reimburse itself and directors and
officers of the Registrant and of its 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 NCL.
INSOFAR AS
INDEMNIFICATION FOR LIABILITIES ARISING UNDER THE SECURITIES ACT MAY BE
PERMITTED TO DIRECTORS, OFFICERS OR PERSONS CONTROLLING THE REGISTRANT PURSUANT
TO THE FOREGOING PROVISIONS, THE REGISTRANT HAS 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.
Item 7. Exemption From Registration Claimed.
Not applicable.
Item 8. Exhibits.
Exhibit No.
Description of Exhibit
5
.1
Opinion of Snow Becker Krauss P.C.
10
.1*
Form of Consultancy Agreement dated May 20, 1999 among the Registrant, American International Petroleum Corporation Kazakstan and Maxim Tolokonnikov.
23
.1
Consent of Snow Becker Krauss P.C. (included in Exhibit 5.1)
23
.2
Consent of Hein + Associates LLP.
24
.1
Power of Attorney (included on the signature page of this Registration Statement).
__________
*Incorporated by reference from the Registrant's Registration
Statement on Form S-8 (Registration No. 333-77971) filed on May 7, 1999.
Item 9. Required Undertakings.
The undersigned
Registrant hereby undertakes.
(a)(1)To file,
during any period in which offers or sales are being made, a post-effective
amendment to this registration statement:
(i)
To include an prospectus required by Section 10(a)(3) of the Securities Act;
(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,
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.
(b) The
undersigned Registrant hereby undertakes that, for purposes of determining any
liability under the Securities Act, each filing of the Registrant's annual
report pursuant to Section 13(a) or Section 15(d) of the Securities Exchange
Act (and, where applicable, each filing of an employee benefit plan's
annual report pursuant to Section 15(d) of the Securities Exchange Act) 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.
(c) Insofar as
indemnification for liabilities arising under the Securities Act 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 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 precedent the question whether such
indemnification by it is against public policy as expressed in the Securities
Act and will be governed by the final adjudication of such issue.
SIGNATURES
Pursuant to the requirements of the Securities Act, the
Registrant certifies that is 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 New York, State of New York, on September 9, 1999.
AMERICAN
INTERNATIONAL PETROLEUM CORPORATION
By:
/s/ Joe Michael McKinney
By:
/s/ Denis J. Fitzpatrick
Joe Michael McKinney
Denis J. Fitzpatrick
Chief Executive Officer
Chief Financial Officer
(Principal executive officer)
(Principal financial and accounting officer)
POWER OF ATTORNEY
Each person whose signature appears below hereby constitutes and
appoints Joe Michael McKinney 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, this Registration Statement has been signed
by the following persons in the capacities indicated on January 18, 2000.
Signature
Title
/s/ Joe Michael McKinney
Chief Executive Officer
Joe Michael McKinney
(principal executive officer)
/s/ Denis J. Fitzpatrick
Chief Financial Officer
Denis J. Fitzpatrick
(principal financial and
account officer)
/s/ George N. Faris
Chairman of the Board of Directors
George N. Faris
/s/ Donald G. Rynne
Director
Donald G. Rynne
/s/ Daniel Y. Kim
Director
Daniel Y. Kim
/s/ William R. Smart
Director
William R. Smart
/s/ John H. Kelly
Director
John H. Kelly