Document:

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                                                                    Exhibit 4.16

YEAR 2001 PERFORMANCE CONTRACT WITH VICE PRESIDENT OF PETROCHINA COMPANY LIMITED
         AND GENERAL MANAGER OF PETROCHINA REFINING & MARKETING COMPANY

<TABLE>
<S>                                               <C>                                        <C>
Offeree: Name: LIN, Qingshan                      Offeror: Name: HUANG, Yan                  Term of the Contract: January 1, 2001
                                                                                              to December 31, 2001
Title:  Vice President of PetroChina              Title:  President of PetroChina Company
        Company Limited ("PetroChina")and General        Limited                             Date of Execution:   January 16, 2001
        Manager of PetroChina Refining &
        Marketing Company
</TABLE>

<TABLE>
<CAPTION>
INDICES               KEY PERFORMANCE INDICES (KPI)      WEIGHT   MEASUREMENT         TARGET                     ACTUAL PERFORMANCE
-------               -----------------------------      ------   -----------         ------                     ------------------
<S>                   <C>                                <C>      <C>                 <C>                        <C>
Profits Indices       Gross Profit

                         PetroChina                      5%       In thousand RMB     61,000,000

                         PetroChina Refining &           35%      In thousand RMB     2,340,480
                         Marketing Company

                      Rate of return of the invested     20%      %                   3.86
                      capital of PetroChina Refining &
                      Marketing Company (ROIC)

Operating Indices     Cash processing cost for per ton   10%      RMB Yuan/ton        99.45
                      of oil

</TABLE>
<PAGE>
<TABLE>
<S>                   <C>                                <C>      <C>                 <C>                        <C>
Operating Indices     Cash marketing cost for per ton    10%       RMB Yuan/ton        243.70
                      of oil

                      Percentage of the finished oil     10%       %                   32
                      as retailed

                      Receivables                        5%        %                   20% lower than the
                                                                                       number at the
                                                                                       beginning of the year

                      Gap between the actual capital     5%        %                   +/- 5
                      expenditure and budget

Indices to Be Put     Quality safety and environmental   Quality accidents reported by the news media at the     Comprehensive
under Control         protection                         provincial-level = 0;                                   expressed
                                                                                                                 performance  in
                                                         Accidents involving death < or = 0.05 persons/million   marks to be reduced
                                                         man-hours;                                              by 10 marks if
                                                                                                                 exceeding target of
                                                         accidents involving economic loss exceeding RMB 1       the index put under
                                                         million = 0;                                            control.

                                                         environmental pollution accidents involving economic
                                                         loss exceeding RMB 200,000 = 0.
</TABLE>

Signature of Offeree:  s/Lin Qingshan        Signature of Offeror:  s/Huang Yan
                      -----------------                            -------------<PAGE>
                                                                    Exhibit 4.17

YEAR 2001 PERFORMANCE CONTRACT WITH VICE PRESIDENT OF PETROCHINA COMPANY LIMITED
        AND GENERAL MANAGER OF PETROCHINA CHEMICALS & MARKETING COMPANY

<TABLE>
<S>                                               <C>                                        <C>
Offeree: Name: ZHANG, Xinzhi                      Offeror: Name: HUANG, Yan                  Term of the Contract: January 1, 2001
                                                                                              to December 31, 2001
Title:  Vice President of PetroChina              Title:  President of PetroChina Company
        Company Limited ("PetroChina")                   Limited                             Date of Execution:   January 16, 2001
        and General Manager of PetroChina
        CHEMICALS & Marketing Company

</TABLE>

<TABLE>
<CAPTION>
                                                                                                                        ACTUAL
INDICES               KEY PERFORMANCE INDICES (KPI)         WEIGHT       MEASUREMENT        TARGET                    PERFORMANCE
-------               -----------------------------         ------       -----------        ------                    -----------
<S>                   <C>                                   <C>          <C>                <C>                       <C>
Profits Indices       Gross profit

                      Petro China                           5%           In thousand RMB    61,000,000

                      PetroChina Chemicals & Marketing      35%          In thousand RMB    200,680
                      Company
                                                                                            2.33
                      Rate of return of the invested        20%          %
                      capital of PetroChina Chemicals &
                      Marketing Company(ROIC)

Operating Indices     Proportion of total cash cost to      20%          %                  77.80
                      sales revenue *

                      Percentage of chemical products as    10%          %                  25
                      directly sold

                      Rate of differentiation               5%           %                  26

                      Receivables                           5%           %                  20% lower than the
                                                                                            amount at the beginning
                                                                                            of the year
</TABLE>
<PAGE>
<TABLE>
<S>                                     <C>                   <C>                      <C>
Indices to Be Put under Control         Quality safety and    Quality accidents        Comprehensive
                                        environmental         reported by the news     performance
                                        protection            media at the             expressed in marks
                                                              provincial-level =       to be reduced by 10
                                                              0;                       marks if exceeding
                                                                                       target of the index
                                                              Accidents involving      put under control.
                                                              death < or = 0.05
                                                              persons/million
                                                              man-hours;

                                                              accidents involving
                                                              economic loss
                                                              exceeding RMB 1
                                                              million = 0;

                                                              environmental
                                                              pollution accidents
                                                              involving economic
                                                              loss exceeding RMB
                                                              200,000 = 0.

</TABLE>

* The difference between the target proportion of total cash cost to sales
revenue and the actual one shall not exceed plus or minus 5%.

Signature of Offeree:  s/Zhang Xinzhi        Signature of Offeror:  s/Huang Yan
                       --------------                               ------------<PAGE>
                                                                    Exhibit 4.18

  2001 PERFORMANCE CONTRACT WITH CFO OF PETROCHINA COMPANY LIMITED AND GENERAL
        MANAGER OF THE FINANCE DEPARTMENT OF PETROCHINA COMPANY LIMITED

<TABLE>
<CAPTION>
<S>                                               <C>                                    <C>
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
</TABLE>

<TABLE>
<CAPTION>
INDICES                        KEY PERFORMANCE INDICES     WEIGHT       MEASUREMENT         TARGET                ACTUAL PERFORMANCE
-------                        -----------------------     ------       -----------         ------                ------------------
                               (KPI)
<S>                            <C>                         <C>          <C>                 <C>                   <C>
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
</TABLE>

<PAGE>

<TABLE>
<CAPTION>
<S>                      <C>                       <C>                          <C>         <C>                       <C>
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.
</TABLE>

Signature of Offeree: s/Wang Guoliang       Signature of Offeror: s/Huang Yan
                      ---------------                             -----------

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