Supplemental Agreement to the Land Use Rights Leasing Contract



 Exhibit 4.14 
 English Translation 
 Supplemental Agreement to Land Use Rights Leasing Contract

 This Supplemental Agreement is made on August 25, 2011 in Beijing by and between the following parties: 

Party A: China National Petroleum Corporation (as lessor) 
 Enterprise legal person business license number: 100000000010438 
 Registered Address: Liupukang,
Xicheng District, Beijing 
 Party B: PetroChina Company Limited (as lessee) 
 Enterprise legal person business license number: 100000000032522 
 Registered Address: 16 Ande Lu,
Dongcheng District, Beijing 
 Party A and Party B executed a Land Use Rights Leasing Contract (the “Land Leasing
Contract”) on March 10, 2000, and in light of the actual business requirements of Party B and changes in the land market, the parties hereby make a supplemental agreement as follows after consultations: 

1. Article 1.1 of the Land Leasing Contract shall be amended as follows: 
 “Party A agrees that the parcels of land leased to Party B by Party A under this Contract are located throughout 16 provinces and municipalities, including Heilongjiang, Jilin, Liaoning, Hebei,
Tianjin, etc., with an aggregate area of approximately 1,782,970,000 square meters (the “Leased Land”). The details of the Leased Land are set forth in Appendix I hereto, constituting a part of this Contract.” 

2. Article 1 of the Land Leasing Contract shall be amended by adding the following paragraph thereto as Article 1.5: 

“Both parties agree to adjust through consultations the area of the Leased Land about every three years in accordance with the changes of the
operations of Party B.” 
 3. Article 5.1 of the Land Leasing Contract shall be amended as follows: 

“The annual rent payable by Party B for the Leased Land under this Contract shall not exceed RMB3,892 million. During the Term of this Contract,
Party A and Party B may adjust through consultations the aforesaid rent every three years.” 
 4. Article 5.4 of the Land Leasing Contract
shall be amended as follows: 
 “Party B shall be responsible for the taxes, fees and other statutory charges in connection with the Leased
Land, including any portion of taxes, fees and charges increased as the result of any changes of state policies after this Contract is made. Subject to any tax laws, Party B may, at its option, pay such taxes on its own or have such taxes to be
withheld by Party A. Party A is obligated to assist Party B in such payment or to withhold such taxes on behalf of Party B.” 
 5. Article
11.4 of the Land Leasing Contract shall be amended as follows: 
 “Any amendments to this Contract may be made only by a written agreement
executed by authorized representatives of the parties and shall be duly approved by both parties through appropriate corporate actions, provided that any adjustment on the area of the Leased Land or the rent may be made by a confirmation letter
agreed by both parties.” 
 6. This Supplemental Agreement shall constitute amendments and supplements to the Land Leasing Contract. Any
matters not covered hereunder shall be governed by the Land Leasing Contract. In case of any discrepancy between this Supplemental Agreement and the Land Leasing Contract, this Supplemental Agreement shall prevail. 

  
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 7. This Supplemental Agreement is executed in six counterparts with each counterpart having the same effect.
This Supplemental Agreement shall come into effect as of January 1, 2012 after being executed and chopped by the authorized representatives of both parties hereto. The Supplemental Agreement shall expire simultaneously with the expiration of
the Land Leasing Contract. 
  

			
	 Party A:
	  	Party B:
	 China National Petroleum Corporation
	  	PetroChina Company Limited
	 /s/
	  	/s/
	 Authorized Representative:
	  	Authorized Representative:


  
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 Appendix 1: Detailed Description of the Leased Land 

 

							
	 No.
	  	 Segment
	  	Area of Land
(10,000 sq 
meters)	  	Estimated
Rent for 2011
(RMB10,000)
(The actual rent shall
be subject to
the
amount in the
land lease
contract to
be
executed)
	I	  	Oilfield	  	170,605.50	  	331,138.69
	1	  	Daqing Oilfield Co., Ltd.	  	65,085.40	  	217,794.78
	2	  	Liaohe Oilfield Company	  	5,129.62	  	13,337.02
	3	  	Changqing Oilfield Company	  	3,343.92	  	6,687.84
	4	  	Tarim Oilfield Company	  	3,011.64	  	3,011.64
	5	  	Xinjiang Oilfield Company	  	71,625.62	  	55,411.75
	6	  	Southwest Oilfield Company	  	1,529.03	  	3,669.67
	7	  	Jilin Oilfield Company	  	4,446.96	  	12,006.80
	8	  	Dagang Oilfield Company	  	2,185.18	  	6,992.57
	9	  	Qinghai Oilfield Company	  	945.85	  	851.26
	10	  	Huabei Oilfield Company	  	1,768.06	  	2,828.90
	11	  	Tuha Oilfield Company	  	9,147.56	  	3,659.02
	12	  	Jidong Oilfield Company	  	1,279.80	  	4,223.33
	13	  	Yumen Oilfield Company	  	1,106.86	  	664.11
	II	  	Refining and Chemical	  	7023.00	  	50423.27
	1	  	Daqing Petrochemical Company	  	1,277.29	  	6,896.98
	2	  	Jilin Petrochemical Company	  	373.05	  	4,476.52
	3	  	Fushun Petrochemical Company	  	813.08	  	9,956.57
	4	  	Liaoyang Petrochemical Company	  	647.58	  	3,885.50
	5	  	Lanzhou Petrochemical Company	  	369.65	  	5,824.12
	6	  	Urumqi Petrochemical Company	  	1,027.18	  	2,548.53
	7	  	Ningxia Petrochemical Company	  	178.32	  	1,123.45
	8	  	Dalian Petrochemical Company	  	223.40	  	4,065.96
	9	  	Jinzhou Petrochemical Company	  	313.87	  	1,476.51
	10	  	Jinxi Petrochemical Company	  	205.93	  	4,973.98
	11	  	 Daqing Refining & Chemical
 Company
	  	784.10	  	2,744.34
	12	  	Harbin Petrochemical Company	  	96.98	  	490.80
	13	  	Karamay Petrochemical Company	  	353.97	  	990.01
	14	  	Qingyang Petrochemical Company	  	78.70	  	113.00
	15	  	Changqing Petrochemical Company	  	3.90	  	30.00
	16	  	Huabei Petrochemical Company	  	69.00	  	213.00
	17	  	Huhhot Petrochemical Company	  	207.00	  	614.00
	III	  	Natural Gas, Pipeline Storage and Transportation	  	606.40	  	2,618.26
	1	  	Pipeline Company	  	604.21	  	2,612.13
	2	  	West-East Pipeline Company	  	2.19	  	6.13
	IV	  	Engineering and Construction	  	17.88	  	232.50
	1	  	 Northeast Refining & Chemical
 Engineering Company
	  	17.88	  	232.50
	V	  	R&D and Public Service	  	44.69	  	4,761.75
	1	  	 Exploration and Development

Research Institute
	  	44.69	  	4,761.75
	Total	  		  	178,297.47	  	389,174.47


  
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