China Petroleum and Chemical Corp. (Sinopec), a subsidiary of China Petrochemical Corp., is a Chinese integrated energy and chemical company with upstream, midstream and downstream operations. It operates in five segments: exploration and production; oil refining; marketing and distribution; chemicals; and others, which include trading and R&D activities. In Latin America the company is present in Argentina, Brazil, Ecuador, Cuba, Peru and Colombia. The Sino-Spanish consortium Repsol Sinopec Brasil S.A. is currently engaged in the exploration, development and production of hydrocarbons in Brazil's Santos basin, as well as the exploration of pre-salt areas and oil discovery in pre-salt basins. The company was incorporated in 2000 by Sinopec Group and is based in Beijing.