The Chinese petroleum handled by this company is in the other China -- Taiwan. CPC (formerly Chinese Petroleum Corporation) is engaged in the exploration, production, refining, storage, transportation, and the sale of oil and oil products in Taiwan. To supplement oil supply to hydrocarbon-poor Taiwan, the state-owned monopoly has stakes in oil and gas exploration ventures in Australia, Chad, Ecuador, Indonesia, Libya, the US, and Venezuela. Its refineries produce natural gas, kerosene, fuel oil, and other refined products. CPC is the leader in Taiwan's lubricants market with its dual brand- 'CPC' and 'Mirage' that appeal to both consumers and professional users in domestic and oversea markets, supported by strong, well-defined and diversified sales channels. Those include more than 30 contracted distributors, the 600-plus gas stations directly operated by CPC and many retail chain stores. The company was established in 1946, initially under the aegis of the Council of Resources - the precursor of today's State-owned Enterprise Commission, Ministry of Economic Affairs.