Exhibit 4.18
2001 PERFORMANCE CONTRACT WITH CFO OF PETROCHINA COMPANY LIMITED AND GENERAL
MANAGER OF THE FINANCE DEPARTMENT OF PETROCHINA COMPANY LIMITED
Offeree: Name: WANG, Guoliang Offeror: Name: HUANG, Yan Term of the Contract: January 1, 2001 to
December 31, 2001
Title: CFO of PetroChina Company Limited Title: President of PetroChina
("PetroChina") and General Manager of Company Limited Date of Execution: January, 2001
Financial Department of PetroChina
INDICES KEY PERFORMANCE INDICES WEIGHT MEASUREMENT TARGET ACTUAL PERFORMANCE
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(KPI)
Profits Indices Rate of return of the 25% % 12.86
invested capital of
PetroChina (ROIC)
Net income of PetroChina 25% In million RMB 41,470
(NI)
Free cash flow of 20% In million RMB 9,950
PetroChina (FCF)
Operating Indices Cost for capital raising 10% In million RMB Not exceeding the
interest rate as
stipulated by the
State
Operating Indices Rate of accuracy of the 10% % > or = 90% (not
financial indices budget considering price-related
factors)
Balance of RMB deposits 5% In million
RMB 14,000
Timely issuance of 5% Complying with the
financial statements stipulated
requirement and
quality
Indices to Be Put under Financial capital Rate of timely availability Comprehensive
Control management of producing and operating performance
capital > or = 90% expressed in
marks to be
reduced by
10 marks if
exceeding
target of the
index put
under control.
Signature of Offeree: s/Wang Guoliang Signature of Offeror: s/Huang Yan
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