EX-4.4






Exhibit 4.4




Crude Oil Mutual Supply

Framework Agreement for Year 2009




between




PetroChina Company Limited




and




China Petrochemical Corporation




Beijing




December 2008




 









 








Crude Oil Mutual Supply Framework Agreement for Year 2009




     PetroChina Company Limited (“PetroChina”) and China Petrochemical Corporation (“Sinopec”),
following friendly consultations, have reached consensus on mutual supply of crude oil in the year
of 2009 and hereby enter into this Agreement (this “Agreement”).




			
	I.	 	Quantities and Varieties of Crude Oil to Be Supplied Hereunder






	1.	 	In 2009, PetroChina shall supply Sinopec with 6.81 million tons of domestic onshore
crude oil, including 4.20 million tons of blended oil produced at the Daqing Oil Region
(excluding replacement crude oil; including 1.55 million tons to be supplied during the
first quarter and the remainder to be supplied evenly during the next three quarters to
maintain an equilibrium between supply and demand), 0.55 million tons of oil produced at
the Jizhong Oil Region, 1.40 million tons of oil produced at the Changqing Oil Region,
0.60 million tons of oil produced at the Tarim Basin Oil Region, 50,000 tons of oil
produced at Erenhot Oil Region and 10,000 tons of oil produced at PetroChina Zhejiang
Exploration Company.






	2.	 	In 2009, Sinopec shall supply PetroChina with 1.215 million tons of domestic
onshore crude oil, including 0.60 million tons of oil produced at the Tahe Oil Region and
0.50 million tons of oil produced at the Shengli Oil Region, 80,000 tons of oil produced
at Inner Mongolia (Baiyinchagan) Oil Region, 30,000 tons of oil produced at Yanqi Oil
Region, and 5,000 tons produced at Sinopec Southern Exploration and Production Company.






	3.	 	The parties hereto shall, in principle, make available crude oil of the above
supply and take delivery thereof on an evenly distributed basis. The quarterly mutual
supply of crude oil may be adjusted as necessary by mutual agreement thereon and in light
of the availability of crude oil resources, price and the State’s macro-economic planning
requirements.






			
	II.	 	Quality of Crude Oil





     Matters with respect to the quality of the crude oil to be supplied hereunder shall be handled
pursuant to applicable provisions of SY7513-88 Technical Conditions of Crude Oil at Wellhead.



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	III.	 	Quarterly Supply Agreements; Sales and Purchase Contracts on an Enterprise-by-Enterprise
Basis





     Quarterly supply agreements shall be entered into by and between PetroChina
Natural Gas & Pipeline Company and the Production and Management Department of Sinopec. After the
quarterly plans have been issued to the respective subsidiaries, PetroChina’s relevant regional
companies (including its oil fields, refineries and pipeline companies) and Sinopec’s relevant
subsidiaries (including its oil fields and refineries) will enter into specific sales and purchase
contracts. The total quantities and varieties of crude oil to be supplied under such contracts
shall be consistent with those specified under the above quarterly supply agreements.




			
	IV.	 	Price of Crude Oil





     The price of crude oil to be supplied hereunder shall be settled on the basis of the standard
crude oil price published by the National Development and Reform Commission each month and the
crude oil premium mutually agreed between the parties.




			
	V.	 	Payment Guarantee





     Payment of the price of crude oil to be supplied hereunder shall be made on a timely basis and
pursuant to principles agreed upon by the parties hereto. PetroChina and Sinopec agree to be
guarantors, and to assume joint and several guarantee liabilities for the failure of timely payment
of the price of crude oil and other payments by their respective oil refineries. The payer shall
make timely payments to the payee upon receipt of and pursuant to the payment notice.



	 	 	 	 	 	 	 
	Planning Department,

PetroChina Company Limited	 	
Production Management Department,

China Petrochemical Corporation
	 	 	 	 	 	 	 
	By:	 	
   /s/ ZHOU
 
	 	
By:	 	/s/LIAN
 

	Date: December 19, 2008	 	Date: December 19, 2008







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