Supplemental Agreement to 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: 000000000000000

Registered Address: Liupukang, Xicheng District, Beijing

Party B: PetroChina Company Limited (as lessee)

Enterprise legal person business license number: 100000000032522

Registered Address: 00 Xxxx Xx, Xxxxxxxxx Xxxxxxxx, Xxxxxxx

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
00		Xxxxxx Xxxxxxxx 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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