Exhibit
    4.26
  English
    Translation of Chinese Original
  Equity
    Transfer Agreement
    China National Petroleum Corporation
  PetroChina Guangxi International Enterprises Limited
  -1-




---



##### 





table of
    contents
  Article 1

Definitions


3Article 2

Subject Interest


4Article 3

Consideration for Transfer of Subject Interest


4Article 4

Conditions Precedent to Closing of the Transfer


4Article 5

Delivery of the Subject Interest


4Article 6

Investments and Gain/Loss Arising in the Transition Period


5Article 7

Representations, Warranties and Covenants of the Transferor


5Article 8

Representations, Warranties and Covenants of the Transferee


6Article 9

Obligations of the Transferor


6Article 10

Obligations of the Transferee


6Article 11

Taxes


6Article 12

Default Liabilities


6Article 13

Confidentiality


6Article 14

Effectiveness, Amendments, Rescission, Termination and Assignment


7Article 15

Force Majeure


7Article 16

Notices


8Article 17

Governing Law and Dispute Resolution


8Article 18

Miscellaneous


8  -2-




---



##### 



Equity
    Transfer Agreement
  
  Transferor:
  PetroChina Guangxi International Enterprises Limited
  Registered Address:
  Legal Representative:
  Transferee:
  China National Petroleum Corporation
  Registered Address:
  Legal Representative:
        the Company Law of the
    Peoples Republic of China, the Contract Law of the
    Peoples Republic of China
  Article 1
    Definitions    Transferor 
    
    shall mean PetroChina Guangxi International Enterprises Limited,
    holding 100% equity interest in Oil Storage Company.Transferee
    
    shall mean China National Petroleum Corporation.Target Company
    
    shall mean PetroChina Guangxi Oil Storage Limited .Subject Interest
    
    shall mean the target of the Transfer as further set forth in
    Article 2 hereof.Transfer
    
    shall mean the transfer of the Subject Interest from the
    Transferor to the Transferee.Appraisal Report
    
    shall mean the Assets Appraisal Report(Zhong Tong Ping
    Bao Zi (2010) No. 164) issued by Zhong Tong Cheng
    Asset Appraisal Compnay with respect to the assets and
    liabilities of the Subject Interest as of the Reference Date for
    the purpose of the Transfer.Reference Date
    
    shall mean July 31, 2010.Transition Period
    
    shall mean the period from the Reference Date up to and
    including the Closing Date.Transition Period Interest
    
    shall mean the interest accrued on the loans invested by the
    Transferor in the Storage Facilities from the Reference Date to
    the date the buyers make payments. -3-




---



##### 



Closing
    
    shall mean the delivery of the Subject Interest in accordance
    with Article 5 hereof.Storage Facilities
    
    Shall mean the PetroChina international storage facilities
    located in the Free Trade Zone, Qinzhou of Guangxi, which
    consist of 40 oil storage tanks with the storage capacity of
    approximately 4 million cubic meters and other ancillary
    equipment and facilities.Closing Date
    
    shall mean the date on which the Closing shall occur as agreed
    by and among the parties hereto after the satisfaction of all
    the conditions precedent to the Closing set forth in
    Article 4 hereof.PRC or China
    
    shall mean the Peoples Republic of China, but for purposes
    of this Agreement, excluding Hong Kong Special Administrative
    Region, Macau Special Administrative Region and Taiwan.  Article 2
    Subject
    Interest    Article 3
    Consideration
    for Transfer of Subject Interest      Article 4
    Conditions
    Precedent to Closing of the Transfer            Article 5
    Delivery
    of the Subject Interest       -4-




---



##### 



Article 6
    Investments
    and Gain/Loss Arising in the Transition Period    Article 7
    Representations,
    Warranties and Covenants of the Transferor                       -5-




---



##### 



Article 8
    Representations,
    Warranties and Covenants of the Transferee        Article 9
    Obligations
    of the Transferor      Article 10
    Obligations
    of the Transferee      Article 11
    Taxes    Article 12
    Default
    Liabilities      Article 13
    Confidentiality  Confidential Information
 -6-




---



##### 



Article 14
    Effectiveness,
    Amendments, Rescission, Termination and Assignment  14.1
    Effectiveness    14.2
    Amendments and Rescission    14.3
    Termination        14.4
    No Assignment    Article 15
    Force
    Majeure    Article 16
    Notices  and/or
    The Transferor:
  PetroChina Guangxi International Enterprises Limited
  Address:

Free Trade Zone, Qinzhou, GuangxiAttention:

Xingyue LiuTel:

0777-3886732Fax:

0777-3886732   Transferee:
  China National Petroleum Corporation
  -7-




---



##### 



Address:

9 Dongzhimen North Street, Dongcheng District, BeijingAttention:Tel:

010-Fax:

010-         Article 17
    Governing
    Law and Dispute Resolution      Article 18
    Miscellaneous              
  [End of
    text]
 -8-




---



##### 



PetroChina Guangxi International Enterprises Limited
  Legal Representatives or Authorized
    Representative: /s/
    China National Petroleum Corporation
  Legal Representatives or Authorized
    Representative: /s/
 -9-