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     <TITLE>American International Petroleum</TITLE>
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<P ALIGN=CENTER><FONT SIZE=2><B>As filed with the Securities and Exchange Commission on
July _____, 2000</B></FONT>

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<DIV ALIGN=RIGHT><FONT SIZE=2><B>Registration No. 333-_______________  </B></FONT></DIV>

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<P ALIGN=CENTER><FONT SIZE=3>SECURITIES
AND EXCHANGE COMMISSION  </FONT><BR>
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<FONT SIZE=2>Washington,
D.C. 20549 </FONT></P>

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<P ALIGN=CENTER><FONT SIZE=3><B>FORM S-8 </B></FONT></P>

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<P ALIGN=CENTER><FONT SIZE=2>REGISTRATION
STATEMENT<BR>Under the Securities Act of 1933 </FONT></P>

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<P ALIGN=CENTER><FONT SIZE=4><B>AMERICAN INTERNATIONAL PETROLEUM CORPORATION</B></FONT><BR>

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<FONT SIZE=1>(Exact Name of Registrant as Specified in its Charter)</FONT></P>

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<TD ALIGN=CENTER WIDTH=50%><FONT SIZE=2>Nevada</FONT></TD>
<TD ALIGN=CENTER WIDTH=50%><FONT SIZE=2>13-3130236 </FONT></TD>
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<TD ALIGN=CENTER WIDTH=50%><FONT SIZE=2>(State or Other Jurisdiction of<BR>Incorporation or Organization)</FONT></TD>
<TD ALIGN=CENTER WIDTH=50%><FONT SIZE=2>(I.R.S. Employer<BR>Identification Number)</FONT></TD>
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<P ALIGN=CENTER><FONT SIZE=2>2950 North Loop West, Suite 1000, Houston, Texas 77092<BR>
(Address of principal executive offices) (zip code) </FONT></P>

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<P ALIGN=CENTER><FONT SIZE=2>BOARD MEMBER COMPENSATION <BR>
AND<BR>CONSULTANCY AGREEMENT WITH NURZHAN S. KURMANOV<BR>
(Full Title of the Plan)</FONT></P>

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<P ALIGN=CENTER><FONT SIZE=2>George N. Faris, Chief Executive 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 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 SIZE=2>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=2>Approximate date of commencement of
proposed sale to the public: Upon filing of this registration statement  </FONT></P>

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<H1 ALIGN=CENTER><FONT SIZE=2>CALCULATION OF REGISTRATION FEE<BR>
________________________________________________________________________________________</FONT>
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     <TH COLSPAN="2" ALIGN="LEFT"><FONT SIZE="1">Title of<BR>Securities to<BR>be Registered</FONT><HR WIDTH=35% ALIGN="LEFT" SIZE=1 NOSHADE></TH>
     <TH COLSPAN="2"><FONT SIZE="1">Amount to be<BR>Registered</FONT><HR WIDTH=45% SIZE=1 NOSHADE></TH>
     <TH COLSPAN="2"><FONT SIZE="1">Proposed<BR>Maximum<BR>Offering Price<BR>Per Share</FONT><HR WIDTH=75% SIZE=1 NOSHADE></TH>
     <TH COLSPAN="2"><FONT SIZE="1">Proposed<BR>Maximum<BR>Aggregate<BR>Offering Price</FONT><HR WIDTH=75% SIZE=1 NOSHADE></TH>
     <TH COLSPAN="2"><FONT SIZE="1">Amount of<BR>Registration<BR>Fee</FONT><HR WIDTH=75% SIZE=1 NOSHADE></TH></TR>
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     <TD WIDTH="24%" ALIGN="LEFT"><FONT SIZE="2">Common Stock,</FONT></TD>
     <TD WIDTH="4%" ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="22%" ALIGN="RIGHT"><FONT SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="6%" ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE="2"></FONT></TD>
        <TD WIDTH="3%" ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE="2"></FONT></TD>
        <TD WIDTH="3%" ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE="2"></FONT></TD>
        <TD WIDTH="3%" ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD></TR>
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     <TD ALIGN="LEFT"><FONT SIZE="2">$.08 par value</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN="RIGHT"><FONT SIZE="2">700,000 shares(1)</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN="RIGHT"><FONT SIZE="2">$0.5313(2)</FONT></TD>
        <TD ALIGN="LEFT"><FONT SIZE="2"></FONT></TD>
     <TD ALIGN="RIGHT"><FONT SIZE="2">$371,910</FONT></TD>
        <TD ALIGN="LEFT"><FONT SIZE="2"></FONT></TD>
        <TD ALIGN="RIGHT"><FONT SIZE="2">$92.41</FONT></TD>
        <TD ALIGN="LEFT"><FONT SIZE="2"></FONT></TD></TR>
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<P>__________</P>

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<TD WIDTH=3% ALIGN=RIGHT><FONT SIZE=2>(1) </FONT></TD>
<TD WIDTH=3%><FONT SIZE=2></FONT></TD>
<TD WIDTH=94%><FONT SIZE=2>Includes:</FONT></TD>
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<TD WIDTH=6% ALIGN=RIGHT><FONT SIZE=2>-</FONT></TD>
<TD WIDTH=3%><FONT SIZE=2></FONT></TD>
<TD WIDTH=91%><FONT SIZE=2>400,000
shares that maybe issued upon exercise of stock options granted to members of our Board
of Directors pursuant to stock option agreements; and</FONT></TD>
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<TD WIDTH=6% ALIGN=RIGHT><FONT SIZE=2>- </FONT></TD>
<TD WIDTH=3%><FONT SIZE=2></FONT></TD>
<TD WIDTH=91%><FONT SIZE=2>300,000
shares that may be issued to Nurzhan Kurmanov pursuant to a Consultancy Agreement dated
April 22, 1999.</FONT></TD>
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<TD WIDTH=3%><FONT SIZE=2></FONT></TD>
<TD WIDTH=94%><FONT SIZE=2>
Calculated solely for the purpose of determining the registration fee pursuant
to Rule 457(c) based upon the closing price of the common stock on the Nasdaq
National Market on July 25, 2000.</FONT></TD>
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<H1 ALIGN=CENTER><FONT SIZE=2>PART II</FONT></H1>

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<H1 ALIGN=CENTER><FONT SIZE=2>INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</FONT></H1>

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<H2 ALIGN=LEFT><FONT SIZE=2>Item 3.&nbsp;&nbsp; Incorporation of Documents by Reference</FONT></H2>

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<P><FONT SIZE=2>&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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<TD WIDTH=3%><FONT SIZE=2>(1) </FONT></TD>
<TD WIDTH=3%><FONT SIZE=2></FONT></TD>
<TD WIDTH=91%><FONT SIZE=2>Annual
Report on Form 10-K for the fiscal year ended December 31, 1999, including any amendment
to that report.</FONT></TD>
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<TD WIDTH=3%><FONT SIZE=2>(2) </FONT></TD>
<TD WIDTH=3%><FONT SIZE=2></FONT></TD>
<TD WIDTH=91%><FONT SIZE=2>Quarterly
Report on Form 10-Q for the quarter ended March 31, 2000, including any amendments to
that report.</FONT></TD>
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<TD WIDTH=3%><FONT SIZE=2>(3) </FONT></TD>
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<TD WIDTH=91%><FONT SIZE=2>Proxy
Statement dated May 15, 2000.</FONT></TD>
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<TD WIDTH=3%><FONT SIZE=2>(4) </FONT></TD>
<TD WIDTH=3%><FONT SIZE=2></FONT></TD>
<TD WIDTH=91%><FONT SIZE=2>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></TD>
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<P><FONT SIZE=2>&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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<H2 ALIGN=LEFT><FONT SIZE=2>Item 4. &nbsp;&nbsp;Description of Securities.</FONT></H2>

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<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable. </FONT></P>

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<H2 ALIGN=LEFT><FONT SIZE=2>Item 5.&nbsp;&nbsp; Interests of Named Experts and Counsel.</FONT></H2>

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<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Members of Snow Becker Krauss P.C., counsel
to the Company, hold 144,518 shares of common stock. Snow Becker Krauss P.C. is rendering
an opinion upon the validity of the securities being registered hereby. </FONT></P>

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<H2 ALIGN=LEFT><FONT SIZE=2>Item 6. &nbsp;&nbsp;Indemnification of Directors and Officers.</FONT></H2>

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<P><FONT SIZE=2>&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=2>&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=2>&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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<P><FONT SIZE=2>&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></P>

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<TD WIDTH=85%><FONT SIZE=2>&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></TD>
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<P><FONT SIZE=2>&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. </FONT></P>

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<P><FONT SIZE=2>&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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<H2 ALIGN=LEFT><FONT SIZE=2>Item 7.&nbsp;&nbsp; Exemption From Registration Claimed.</FONT></H2>

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<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable. </FONT></P>

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<H2 ALIGN=LEFT><FONT SIZE=2>Item 8.&nbsp;&nbsp; Exhibits.</FONT></H2>

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     <TH COLSPAN="2" ALIGN="LEFT"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exhibit No.</FONT><HR WIDTH=55% ALIGN="LEFT" SIZE=1 NOSHADE></TH>
     <TH COLSPAN="2" ALIGN="LEFT"><FONT SIZE="1">Description of Exhibit</FONT><HR WIDTH=45% ALIGN="LEFT" SIZE=1 NOSHADE></TH></TR>
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     <TD WIDTH="10%" ALIGN="CENTER"><FONT SIZE="2">&nbsp;&nbsp;5.1</FONT></TD>
     <TD WIDTH="15%" ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="68%" ALIGN="LEFT"><FONT SIZE="2">Opinion of Snow Becker Krauss P.C.</FONT></TD>
     <TD WIDTH="2%" ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD></TR>
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     <TD ALIGN="CENTER"><FONT SIZE="2"><BR>10.1</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="2">Form of Consultancy Agreement dated April 22, 1999 among the</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD></TR>
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     <TD ALIGN="CENTER"><FONT SIZE="2">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="2">Registrant, American International Petroleum Corporation and Nurzhan</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="CENTER"><FONT SIZE="2">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="2">S. Kurmanov.</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD></TR>
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     <TD ALIGN="CENTER"><FONT SIZE="2"><BR>10.2</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="2">Form of option agreement with directors.</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD></TR>
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     <TD ALIGN="CENTER"><FONT SIZE="2"><BR>23.1</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="2">Consent of Snow Becker Krauss P.C. (included in Exhibit 5.1)</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD></TR>
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     <TD ALIGN="CENTER"><FONT SIZE="2"><BR>23.2</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="2">Consent of Hein + Associates LLP.</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD></TR>
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     <TD ALIGN="CENTER"><FONT SIZE="2"><BR>24.1</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="2">Power of Attorney (included on the signature page of this</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD></TR>
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     <TD ALIGN="CENTER"><FONT SIZE="2">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="2">Registration Statement).</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD></TR>
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<P>__________ </P>

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<TD WIDTH=3%><FONT SIZE=2>* </FONT></TD>
<TD WIDTH=3%><FONT SIZE=2></FONT></TD>
<TD WIDTH=94%><FONT SIZE=2>Incorporated
by reference from the Registrant&#146;s Form S-8 dated March 17, 2000. </FONT></TD>
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<H2 ALIGN=LEFT><FONT SIZE=2>Item 9.&nbsp;&nbsp; Required Undertakings.</FONT></H2>

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<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The undersigned Registrant hereby
undertakes. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para 10" -->
<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)(1)&nbsp;&nbsp;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>
</TR>
</TABLE>

<BR>

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<TABLE WIDTH=600 CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=3%><FONT SIZE=2></FONT></TD>
<TD WIDTH=3%><FONT SIZE=2></FONT></TD>
<TD WIDTH=3%><FONT SIZE=2>(i) </FONT></TD>
<TD WIDTH=3%><FONT SIZE=2></FONT></TD>
<TD WIDTH=88%><FONT SIZE=2>To
include a prospectus required by Section 10(a)(3) of the Securities Act;</FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=600 CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=3%><FONT SIZE=2></FONT></TD>
<TD WIDTH=3%><FONT SIZE=2></FONT></TD>
<TD WIDTH=3%><FONT SIZE=2>(ii)</FONT></TD>
<TD WIDTH=3%><FONT SIZE=2></FONT></TD>
<TD WIDTH=88%><FONT 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>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=600 CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=3%><FONT SIZE=2></FONT></TD>
<TD WIDTH=3%><FONT SIZE=2></FONT></TD>
<TD WIDTH=3%><FONT SIZE=2>(iii) </FONT></TD>
<TD WIDTH=3%><FONT SIZE=2></FONT></TD>
<TD WIDTH=88%><FONT 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>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=600 CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=3%><FONT SIZE=2></FONT></TD>
<TD WIDTH=3%><FONT SIZE=2>(2) </FONT></TD>
<TD WIDTH=3%><FONT SIZE=2></FONT></TD>
<TD WIDTH=91%><FONT SIZE=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></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=600 CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=3%><FONT SIZE=2></FONT></TD>
<TD WIDTH=3%><FONT SIZE=2>(3) </FONT></TD>
<TD WIDTH=3%><FONT SIZE=2></FONT></TD>
<TD WIDTH=91%><FONT 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>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=600 CELLSPACING=0 CELLPADDING=0 BORDER=0>
<TR VALIGN=TOP>
<TD>

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<P><FONT SIZE=2>&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>

<!-- MARKER FORMAT-SHEET="Para 10" -->
<P><FONT SIZE=2>&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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</TD>
</TR>
</TABLE>

<BR>


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<TABLE WIDTH=600 CELLSPACING=0 CELLPADDING=0 BORDER=0>
<TR VALIGN=TOP>
<TD>

<HR SIZE=5 NOSHADE>

<BR>

<!-- MARKER FORMAT-SHEET="Head Major 10" -->
<H1 ALIGN=CENTER><FONT SIZE=2>SIGNATURES</FONT></H1>

<!-- MARKER FORMAT-SHEET="Para Flush 10" -->
<P><FONT SIZE=2>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 Houston, State of Texas, on July _____, 2000. </FONT></P>

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

<BR>

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<TABLE WIDTH=600 CELLSPACING=0 CELLPADDING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=25%><FONT SIZE=2>&nbsp;</FONT></TD><TD WIDTH=75%>AMERICAN INTERNATIONAL
PETROLEUM CORPORATION</TD></TR>
</TABLE>

<BR>

<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="600">
<TR VALIGN="BOTTOM">
     <TH COLSPAN="2"><FONT SIZE="1"></FONT></TH>
     <TH COLSPAN="2"><FONT SIZE="1"></FONT></TH>
     <TH COLSPAN="2"><FONT SIZE="1"></FONT></TH>
     <TH COLSPAN="2"><FONT SIZE="1"></FONT></TH></TR>
<TR VALIGN="BOTTOM">
     <TD WIDTH="6%" ALIGN="LEFT"><FONT SIZE="2">By:<BR></FONT></TD>
     <TD WIDTH="3%" ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="31%" ALIGN="LEFT"><FONT SIZE="2"><U>/s/ George N. Faris&nbsp;&nbsp;&nbsp;</U></FONT></TD>
     <TD WIDTH="3%" ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="5%" ALIGN="LEFT"><FONT SIZE="2">By:</FONT></TD>
     <TD WIDTH="3%" ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="47%" ALIGN="LEFT"><FONT SIZE="2"><U>/s/ Denis J. Fitzpatrick&nbsp;&nbsp;&nbsp;</U></FONT></TD>
     <TD WIDTH="2%" ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD></TR>

<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="2">George N. Faris</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="2">Denis J. Fitzpatrick</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="2">Chief Executive Officer</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="2">Chief Financial Officer and</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="2">(Principal executive officer)</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="2">Chief Operating Officer</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="2">(Principal financial and accounting officer)</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD></TR>
</TABLE>

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<TABLE WIDTH=600 CELLSPACING=0 CELLPADDING=0 BORDER=0>
<TR VALIGN=TOP>
<TD>

<BR>

<!-- MARKER FORMAT-SHEET="Head Major 10" -->
<A NAME="A025"></A>
<H1 ALIGN=CENTER><FONT SIZE=2>POWER OF ATTORNEY</FONT></H1>

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<P><FONT SIZE=2>Each person whose signature appears below hereby constitutes and
appoints George N. Faris and Denis J. Fitzpatrick, and each of them
individually, 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 Flush 10" -->
<P><FONT SIZE=2>Pursuant to the requirements of the Securities Act, this Registration
Statement has been signed by the following persons in the capacities indicated on July
______, 2000. </FONT></P>

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


<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="600">
<TR VALIGN="BOTTOM">
     <TH COLSPAN="2" ALIGN="LEFT"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;Signature</FONT><HR WIDTH=35%  ALIGN="LEFT" SIZE=1 NOSHADE></TH>
     <TH COLSPAN="2" ALIGN="LEFT"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title</FONT><HR WIDTH=15%  ALIGN="LEFT" SIZE=1 NOSHADE></TH></TR>
<TR VALIGN="BOTTOM">
     <TD WIDTH="33%" ALIGN="LEFT"><FONT SIZE="2"><BR><U>/s/ George N. Faris&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></TD>
     <TD WIDTH="4%" ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="61%" ALIGN="LEFT"><FONT SIZE="2"><BR>Chairman of the Board of Directors and</FONT></TD>
     <TD WIDTH="2%" ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT SIZE="2">George N. Faris</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="2">acting Chief Executive Officer</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="2">(principal executive officer)</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT SIZE="2"><BR><U>/s/ Denis J. Fitzpatrick&nbsp;&nbsp;&nbsp;</U></FONT></TD><TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="2">Chief Financial Officer and</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT SIZE="2">Denis J. Fitzpatrick</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="2">acting Chief Operating Officer</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="2">(principal financial and accounting officer)</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT SIZE="2"><BR><U>/s/ Donald G. Rynne&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></TD><TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="2">Director</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT SIZE="2">Donald G. Rynne</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT SIZE="2"><BR><U>/s/ Daniel Y. Kim&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></TD><TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="2">Director</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT SIZE="2">Daniel Y. Kim</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT SIZE="2"><BR><U>/s/ William R. Smart&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></TD><TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="2">Director</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT SIZE="2">William R. Smart</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT SIZE="2"><BR><U>/s/ John H. Kelly&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></TD><TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="2">Director</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT SIZE="2">John H. Kelly</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD></TR>
</TABLE>


<BR>

</BODY>
</HTML>
[{"type": "S-8", "sequence": "1", "filename": "0001.htm", "description": "FORM S-8", "secsgml_size_bytes": 37593}]
{"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": "333-42488", "film-number": "681187"}, "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
As filed with the Securities and Exchange Commission on
July _____, 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
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)
BOARD MEMBER COMPENSATION
AND
CONSULTANCY AGREEMENT WITH NURZHAN S. KURMANOV
(Full Title of the Plan)
George N. Faris, Chief Executive 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, 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
700,000 shares(1)
$0.5313(2)
$371,910
$92.41
__________
(1)
Includes:
-
400,000
shares that maybe issued upon exercise of stock options granted to members of our Board
of Directors pursuant to stock option agreements; and
-
300,000
shares that may be issued to Nurzhan Kurmanov pursuant to a Consultancy Agreement dated
April 22, 1999.
(2)
Calculated solely for the purpose of determining the registration fee pursuant
to Rule 457(c) based upon the closing price of the common stock on the Nasdaq
National Market on July 25, 2000.
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, 1999, including any amendment
to that report.
(2)
Quarterly
Report on Form 10-Q for the quarter ended March 31, 2000, including any amendments to
that report.
(3)
Proxy
Statement dated May 15, 2000.
(4)
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.
Members of Snow Becker Krauss P.C., counsel
to the Company, hold 144,518 shares of common stock. 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 April 22, 1999 among the
Registrant, American International Petroleum Corporation and Nurzhan
S. Kurmanov.
10.2
Form of option agreement with directors.
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 Form S-8 dated March 17, 2000.
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 a 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 Houston, State of Texas, on July _____, 2000.
AMERICAN INTERNATIONAL
PETROLEUM CORPORATION
By:
/s/ George N. Faris
By:
/s/ Denis J. Fitzpatrick
George N. Faris
Denis J. Fitzpatrick
Chief Executive Officer
Chief Financial Officer and
(Principal executive officer)
Chief Operating Officer
(Principal financial and accounting officer)
POWER OF ATTORNEY
Each person whose signature appears below hereby constitutes and
appoints George N. Faris and Denis J. Fitzpatrick, and each of them
individually, 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 July
______, 2000.
Signature
Title
/s/ George N. Faris
Chairman of the Board of Directors and
George N. Faris
acting Chief Executive Officer
(principal executive officer)
/s/ Denis J. Fitzpatrick
Chief Financial Officer and
Denis J. Fitzpatrick
acting Chief Operating Officer
(principal financial and accounting officer)
/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