Exhibit 4.18 2001 PERFORMANCE CONTRACT WITH CFO OF PETROCHINA COMPANY LIMITED AND GENERAL MANAGER OF THE FINANCE DEPARTMENT OF PETROCHINA COMPANY LIMITED
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: XXXX, Xxxxxxxx Offeror: Name: XXXXX, Xxx Xxxx 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/Xxxx Xxxxxxxx Signature of Offeror: s/Xxxxx Xxx
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