EX-4.8





 Exhibit 4.8 

English Translation of Chinese Original 

PetroChina Company Limited 
  

 
 Confirmation Letter 

This letter refers to the Land Use Rights Leasing Contract (the “Land Lease Contract”) dated March 10, 2000 by and between PetroChina
Company Limited (as lessee) (the “Company”, “we”, “us” or “our”) and China National Petroleum Corporation (as lessor) (“CNPC”), and the Supplemental Agreement to Land Use Rights Leasing
Contract (the “Supplemental Agreement”) dated August 25, 2011 by and between the Company and CNPC in respect of the parcels of land with an aggregate area of approximately 1,782,970,000 square meters owned by CNPC and its subsidiary
or controlled companies, enterprises or units (the “Leased Land”). In accordance with Article 5 of the Supplemental Agreement, adjustments to the area of the Leased Land or the rent may be made by confirmation letter agreed by both
parties. 
 In addition, this letter also refers to the Buildings Leasing Contract (the “Buildings Lease Contract”) dated August 24, 2017 by
and between the Company (as lessee) and CNPC (as lessor) in respect of the Company’s lease from CNPC of certain buildings with an aggregate area of 1,152,968.01 square meters owned by CNPC and its subsidiaries or controlled companies,
enterprises or units (the “Leased Buildings”). In accordance with Section 11.4 of the Buildings Lease Contract, adjustments to the area of the Leased Buildings or the rent may be made by confirmation letter agreed by both parties.

 We hereby confirm as follows in respect of the adjustments to the area of and the rent for the Leased Land under the Land Lease Contract and the
Supplemental Agreement and the adjustments to the area of and the rent for the Leased Buildings under the Buildings Lease Contract: 
 1. Starting from
January 1, 2021, the area of and the rent for the Leased Land shall be adjusted in accordance with the “Schedule of Leased Land” attached hereto as Appendix 1. Other than those adjustments to the area of and the rent for the Leased
Land under the Land Lease Contract and the Supplemental Agreement, the provisions of the Land Lease Contract and Supplemental Agreement shall remain unchanged. 

2. Starting from January 1, 2021, the area of and the rent for the Leased Buildings shall be adjusted in accordance with the “Schedule of Leased
Buildings” attached hereto as Appendix 2. Other than those adjustments to the area of and the rent for the Leased Buildings under the Buildings Lease Contract, the provisions of the Buildings Lease Contract shall remain unchanged. 

You are hereby notified of our confirmation as set forth above. 

PetroChina Company Limited (affixed with the company seal of PetroChina) 

 

			
	Authorized Representative:	 	 /s/

		 	CHAI Shouping

 August 27, 2020 

  
 1 













 Appendix 1: Schedule of Leased Land 

 

											
	 No.
	  	 Business Segments
	  	Area of Plots
(in 10,000 m2)	 	  	Estimated Annual Rent for
2021
(in RMB10,000)(The actual
rent shall be the amount
agreed in the executed Land
Lease
Contract)	 
	 I.
	  	Oil & Gasfield Enterprises	  	 	105,797.60	 	  	 	488,974.47	 
		  		  	  
	  
	 	  	  
	  
	 
	 1.
	  	Daqing Oilfield Co., Ltd.	  	 	60,952.97	 	  	 	308,391.47	 
	 2.
	  	PetroChina Liaohe Oilfield Company	  	 	5,190.35	 	  	 	12,225.18	 
	 3.
	  	PetroChina Changqing Oilfield Company	  	 	3,135.91	 	  	 	11,792.11	 
	 4.
	  	PetroChina Tarim Oilfield Company	  	 	5,683.74	 	  	 	18,574.67	 
	 5.
	  	PetroChina Xinjiang Oilfield Company	  	 	9,797.74	 	  	 	54,867.39	 
	 6.
	  	PetroChina Southwest Oil & Gasfield Company	  	 	1,474.23	 	  	 	5,218.16	 
	 7.
	  	PetroChina Jilin Oilfield Company	  	 	4,341.35	 	  	 	20,055.24	 
	 8.
	  	PetroChina Dagang Oilfield Company	  	 	2,371.59	 	  	 	20,634.18	 
	 9.
	  	PetroChina Qinghai Oilfield Company	  	 	929.75	 	  	 	2,492.94	 
	 10.
	  	PetroChina Huabei Oilfield Company	  	 	1,767.42	 	  	 	3,629.74	 
	 11.
	  	PetroChina Tuha Oilfield Company	  	 	7,770.82	 	  	 	21,810.83	 
	 12.
	  	PetroChina Jidong Oilfield Company	  	 	1,274.88	 	  	 	6,505.45	 
	 13.
	  	PetroChina Yumen Oilfield Company	  	 	1,106.86	 	  	 	2,777.11	 
	 II.
	  	Refineries	  	 	7311.88	 	  	 	68,548.99	 
		  		  	  
	  
	 	  	  
	  
	 
	 1
	  	PetroChina Daqing Petrochemical Company	  	 	1,245.94	 	  	 	8,669.34	 
	 2
	  	PetroChina Jilin Petrochemical Company	  	 	244.59	 	  	 	3,220.47	 
	 3
	  	PetroChina Fushun Petrochemical Company	  	 	743.66	 	  	 	8,150.05	 
	 4
	  	PetroChina Liaoyang Petrochemical Company	  	 	925.90	 	  	 	7,905.64	 
	 5
	  	PetroChina Lanzhou Petrochemical Company	  	 	496.51	 	  	 	6,972.15	 
	 6
	  	PetroChina Dushanzi Petrochemical Company	  	 	785.31	 	  	 	5,698.58	 
	 7
	  	PetroChina Urumqi Petrochemical Company	  	 	976.91	 	  	 	5,194.40	 
	 8
	  	PetroChina Ningxia Petrochemical Company	  	 	121.48	 	  	 	500.00	 
	 9
	  	PetroChina Dalian Petrochemical Company	  	 	223.40	 	  	 	4,064.74	 
	 11
	  	PetroChina Jinzhou Petrochemical Company	  	 	312.17	 	  	 	4,871.33	 
	 12
	  	PetroChina Jinxi Petrochemical Company	  	 	373.73	 	  	 	3,962.10	 
	 13
	  	PetroChina Daqing Refinery Company	  	 	12.42	 	  	 	64.05	 
	 14
	  	PetroChina Harbin Petrochemical Company (Harbin Refinery)	  	 	97.23	 	  	 	1,575.01	 
	 15
	  	PetroChina North China Petrochemical Company	  	 	69.06	 	  	 	324.56	 
	 16
	  	PetroChina Huhhot Petrochemical Company	  	 	256. 78	 	  	 	2,062.68	 
	 17
	  	PetroChina Liaohe Petrochemical Company	  	 	142.63	 	  	 	2,570.93	 
	 18
	  	PetroChina Changqing Petrochemical Company	  	 	3.91	 	  	 	143.00	 
	 19
	  	PetroChina Karamay Petrochemical Company	  	 	280.24	 	  	 	2,599.96	 
	 III.
	  	Natural Gas and Pipeline Storage and Transportation Enterprises	  	 	959.83	 	  	 	8,005.75	 
		  		  	  
	  
	 	  	  
	  
	 
	 1
	  	PetroChina Pipeline Company	  	 	498.94	 	  	 	5,730.98	 
	 2
	  	PetroChina West Pipeline Co., Ltd.	  	 	460.89	 	  	 	2,274.77	 
	 IV.
	  	Marketing Companies	  	 	101.11	 	  	 	1,707.58	 
		  		  	  
	  
	 	  	  
	  
	 
	 1
	  	PetroChina Qinghai Marketing Company	  	 	84.63	 	  	 	381.08	 
	 2
	  	PetroChina Xinjiang Marketing Company	  	 	16.48	 	  	 	1,326.50	 
	 V.
	  	Scientific Research and Social Institutions	  	 	2.30	 	  	 	80. 16	 
		  		  	  
	  
	 	  	  
	  
	 
	 1
	  	CNPC Science and Technology Research Institute	  	 	2.04	 	  	 	78.60	 
	 2
	  	PetroChina HK	  	 	0.26	 	  	 	1. 56	 
	 Total
	  		  	 	114,172.71	 	  	 	567,316.95	 
		  		  	  
	  
	 	  	  
	  
	 


  
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 Appendix 2: Schedule of Leased Buildings 

 

											
	 No.
	  	 Business Segments
	  	Area of Plots
(in m2)	 	  	Estimated Annual Rent for
2021
(in
RMB)
(The actual rent shall be the
amount agreed in the executed
Land Lease Contract)	 
	I.	  	Oil & Gasfield Enterprises	  	 	644,857.73	 	  	 	230,811,000.00	 
		  		  	  
	  
	 	  	  
	  
	 
	1	  	Daqing Oilfield Co., Ltd.	  	 	31,906.6	 	  	 	7,779,000.00	 
	2	  	PetroChina Changqing Oilfield Company	  	 	203,106.92	 	  	 	88,233,000.00	 
	3	  	PetroChina Xinjiang Oilfield Company	  	 	68,090.45	 	  	 	3,891,000.00	 
	4	  	PetroChina Southwest Oil & Gasfield Company	  	 	82,644.99	 	  	 	22,022,000.00	 
	5	  	PetroChina Coalbed Methane Co., Ltd.	  	 	30,472.92	 	  	 	37,265,000.00	 
	6	  	PetroChina Jilin Oilfield Company	  	 	101,757.58	 	  	 	27,085,000.00	 
	7	  	PetroChina Dagang Oilfield Company	  	 	55,720.75	 	  	 	34,136,000.00	 
	8	  	PetroChina Liaohe Oilfield Company	  	 	13,642.27	 	  	 	826,000.00	 
	9	  	PetroChina Jidong Oilfield Company	  	 	44,469.73	 	  	 	8,890,000.00	 
	10	  	PetroChina North China Oilfield Company	  	 	223.00	 	  	 	172,000.00	 
	11	  	PetroChina Tuha Oilfield Company	  	 	12,822.52	 	  	 	1,153,000.00	 
	II.	  	Refineries	  	 	393,831.48	 	  	 	191,183,000.00	 
		  		  	  
	  
	 	  	  
	  
	 
	1	  	PetroChina Daqing Petrochemical Company	  	 	26,482.00	 	  	 	7,957,000.00	 
	2	  	PetroChina Daqing Refining & Petrochemical Company-Linyuan Energy	  	 	25,238.84	 	  	 	18,048,000.00	 
	3	  	PetroChina Dushanzi Petrochemical Company	  	 	48,019.45	 	  	 	4,318,000.00	 
	4	  	PetroChina Guangdong Petrochemical Company	  	 	1,064.62	 	  	 	889,000.00	 
	5	  	PetroChina Jilin Petrochemical Company	  	 	564. 12	 	  	 	98,000.00	 
	6	  	PetroChina Lanzhou Petrochemical Company	  	 	53,662.11	 	  	 	44,785,000.00	 
	7	  	PetroChina Urumqi Petrochemical Company	  	 	60,101.48	 	  	 	5,401,000.00	 
	8	  	PetroChina Changqing Petrochemical Company	  	 	2,870.00	 	  	 	1,924,000.00	 
	9	  	PetroChina Karamay Petrochemical Company	  	 	28,047.56	 	  	 	2,522,000.00	 
	11	  	PetroChina Dalian Petrochemical Company	  	 	23,800.00	 	  	 	8,389,000.00	 
	12	  	PetroChina Jinxi Petrochemical Company	  	 	28,833.67	 	  	 	31,468,000.00	 
	13	  	PetroChina Fushun Petrochemical Company	  	 	58,774.19	 	  	 	22,639,000.00	 
	14	  	PetroChina South China Chemicals & Marketing Company	  	 	4,133.70	 	  	 	4,861,000.00	 
	15	  	PetroChina East China Chemicals & Marketing Company	  	 	148. 10	 	  	 	445,000.00	 
	16	  	PetroChina Northeast Chemicals & Marketing Company	  	 	7,928.70	 	  	 	7,975,000.00	 
	17	  	PetroChina Lubricant Company	  	 	18,565.94	 	  	 	26,220,000.00	 
	18	  	PetroChina Fuel Oil Company Limited	  	 	5,597.00	 	  	 	3,244,000.00	 
	III.	  	Marketing Companies	  	 	95,267.54	 	  	 	99,553,000.00	 
		  		  	  
	  
	 	  	  
	  
	 
	1	  	PetroChina Shanghai Marketing Company	  	 	14,604.50	 	  	 	30,326,000.00	 
	2	  	PetroChina Hubei Marketing Company	  	 	3,480.90	 	  	 	1,612,000.00	 
	3	  	PetroChina Yunnan Marketing Company	  	 	9,268.61	 	  	 	9,530,000.00	 
	4	  	PetroChina Northwest Marketing Company	  	 	14,550.00	 	  	 	14,490,000.00	 
	5	  	PetroChina Guangxi Marketing Company	  	 	8,742.96	 	  	 	6,680,000.00	 
	6	  	PetroChina Guangdong Marketing Company	  	 	14,853.18	 	  	 	19,522,000.00	 
	7	  	PetroChina Northeast Marketing Company	  	 	17,893.00	 	  	 	6,029,000.00	 
	8	  	PetroChina Beijing Marketing Company	  	 	513.01	 	  	 	931,000.00	 
	9	  	PetroChina Xinjiang Marketing Co., Ltd.	  	 	234.00	 	  	 	472,000.00	 
	10	  	PetroChina Hebei Marketing Company	  	 	3,438.60	 	  	 	2,249,000.00	 
	11	  	PetroChina Hunan Marketing Company	  	 	7,080.84	 	  	 	7,509,000.00	 
	12	  	PetroChina Sichuan Marketing Company	  	 	607.94	 	  	 	203,000.00	 
	IV.	  	Natural Gas Marketing Enterprises	  	 	39,468.26	 	  	 	43,073,000.00	 
		  		  	  
	  
	 	  	  
	  
	 
	1	  	PetroChina Natural Gas Marketing Branch (Kunlun Energy Company Limited)	  	 	25,089.30	 	  	 	28,534,000.00	 
	2	  	PetroChina Natural Gas Marketing General Company	  	 	14,378.96	 	  	 	14,539,000.00	 


  
 3 














											
	V.	  	International Operations	  	 	3,305	 	  	 	9,359,000.00	 
		  		  	  
	  
	 	  	  
	  
	 
	1	  	PetroChina International Co., Ltd.	  	 	3,305	 	  	 	9,359,000.00	 
	VI.	  	Scientific Research and Other Entities	  	 	110,756.40	 	  	 	138,380,000.00	 
		  		  	  
	  
	 	  	  
	  
	 
	1	  	PetroChina Planning & Engineering Institute	  	 	25,952.45	 	  	 	14,495,000.00	 
	2	  	Petrochemical Research Institute	  	 	61,570.45	 	  	 	34,390,000.00	 
	3	  	PetroChina Company Limited	  	 	23,233.50	 	  	 	89,495,000.00	 
	Total	  		  	 	1,287,486.41	 	  	 	713,000,000.00	 
		  		  	  
	  
	 	  	  
	  
	 


  
 4