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                                                                     EXHIBIT 4.5

              YEAR 2003 PERFORMANCE CONTRACT WITH VICE PRESIDENT OF
                           PETROCHINA COMPANY LIMITED

<TABLE>
<S>                                                  <C>                                    <C>
Offeree: Name: LIU, Baohe                            Offeror: Name: CHEN, Geng              Term of the Contract: January 1, 2003 to
                                                                                                                  December 31, 2003
Title:   Vice President of PetroChina Company        Title:   President of PetroChina
         Limited ("PetroChina")                                                             Date of Execution: January 18, 2003

</TABLE>

<TABLE>
<CAPTION>

INDICES                 KEY PERFORMANCE INDICES            WEIGHT  MEASUREMENT              TARGET           ACTUAL
                        (KPI)                                                                                PERFORMANCE
------------------------------------------------------------------------------------------------------------------------------------
<S>                     <C>                                <C>     <C>                      <C>              <C>
Profits Indices         Rate of return of the invested     20%     %                        8.38
                        capital of PetroChina (ROIC)

                        Net income of PetroChina (NI)      10%     In million RMB           34,280

                        Total profit from exploration      20%     In million RMB           45,680
                        and production companies
------------------------------------------------------------------------------------------------------------------------------------
Operating Indices       Unit operating cost for oil and    15%     USD/barrel-of-equivalent 4.29
                        gas                                        (BOE)

                        Total quantity of crude oil        10%     In thousand tons         103,000
                        produced

                        Rate of reserves replacement       15%     %                        102

                        Receivables of exploration         5%      %                        Per Shiyoucaizi
                        and production businesses                                           [2001] 311

                        Gap between the actual capital     5%      %                        +/- 5
                        expenditure and budget for
                        exploration and production
                        businesses
------------------------------------------------------------------------------------------------------------------------------------
Indices to Be Put under Quality safety and environmental   Accidents involving death                         Comprehensive
Control                 protection (exploration and        < or = 0.05 persons/million man-hours;            performance expressed
                        production businesses)             Extraordinary quality accidents involving social  in marks to be reduced
                                                           effects = 0;                                      by 5 marks if exceeding
                                                           Extraordinary accidents involving environmental   target of the index put
                                                           pollution < or = 5                                under control.
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

Signature of Offeree: /s/ LIU BAOHE      Signature of Offeror:  /s/ CHEN GENG
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                                                                     EXHIBIT 4.6

              YEAR 2003 PERFORMANCE CONTRACT WITH VICE PRESIDENT OF
                           PETROCHINA COMPANY LIMITED

<TABLE>
<S>                                                      <C>                                <C>
Offeree: Name: DUAN, Wende                               Offeror: Name: CHEN, Geng          Term of the Contract: January 1, 2003 to
                                                                                                                  December 31, 2003
Title:   Vice President of PetroChina Company Limited    Title:   President of PetroChina
         ("PetroChina")                                                                     Date of Execution: January 18, 2003

</TABLE>

<TABLE>
<CAPTION>

INDICES                 KEY PERFORMANCE INDICES            WEIGHT  MEASUREMENT      TARGET                    ACTUAL
                        (KPI)                                                                                 PERFORMANCE
------------------------------------------------------------------------------------------------------------------------------------
<S>                     <C>                                <C>     <C>              <C>                       <C>
Profits Indices         Rate of return of the invested     20%     %                8.38
                        capital of PetroChina (ROIC)
                        ------------------------------------------------------------------------------------------------------------
                        Net income of PetroChina (NI)      10%     In million RMB   34,280
                        ------------------------------------------------------------------------------------------------------------
                        Total profit of refining and
                        marketing business& chemical and
                        marketing business

                        Refining and marketing business    20%     In million RMB   2,130

                        Chemical and marketing business                             60
------------------------------------------------------------------------------------------------------------------------------------
Operating Indices       Cash processing cost for per ton   8%      RMB Yuan/ton     100
                        of oil
                        ------------------------------------------------------------------------------------------------------------
                        Cash marketing cost for per ton    7%      RMB Yuan/ton     249
                        of oil
                        ------------------------------------------------------------------------------------------------------------
                        Percentage of the finished oil     10%     %                44 (excluding direct
                        as retailed                                                 supply)
                        ------------------------------------------------------------------------------------------------------------
                        Decrease rate of unit product      8%      %                3
                        cash cost

                        Unit chemical marketing cash cost  7%      Yuan/ton         59.3

                        Receivables of refining and
                        marketing business & chemical      5%      %                Per Shiyoucaizi [2001] 311
                        and marketing business

                        Gap between actual capital         5%      %                +/- 5
                        expenditures and budget for
                        refining and marketing business
                        & chemical and marketing business
------------------------------------------------------------------------------------------------------------------------------------
Indices to Be Put       Quality safety and environmental   Accidents involving death                          Comprehensive
under Control           protection of PetroChina           < or = 0.05 persons/million man-hours;             performance expressed
                                                           Extraordinary quality accidents involving          in marks to be reduced
                                                           social effects = 0;                                by 5 marks if
                                                           Extraordinary accidents involving environmental    exceeding target of
                                                           pollution < or = 5                                 the index put under
                                                                                                              control.
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</TABLE>

Signature of Offeree: /s/ DUAN WENDE      Signature of Offeror: /s/ CHEN GENG
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                                                                     EXHIBIT 4.7

        YEAR 2003 PERFORMANCE CONTRACT WITH CHIEF GEOLOGICAL ENGINEER OF
                  PETROCHINA COMPANY LIMITED AND PRESIDENT OF
                     EXPLORATION AND DEVELOPMENT INSTITUTE

<TABLE>

<S>                                                       <C>                               <C>
Offeree: Name: JIA, Chengzao                              Offeror: Name: CHEN, Geng         Term of the Contract: January 1, 2003 to
                                                                                                                  December 31, 2003
Title:   Chief Geological Engineer of PetroChina Company  Title:   President of PetroChina
         Limited ("PetroChina") and President of                                            Date of Execution: January 18, 2003
         Exploration and Development Institute
         ("Institute")

</TABLE>

<TABLE>
<CAPTION>

INDICES                 KEY PERFORMANCE INDICES            WEIGHT  MEASUREMENT      TARGET                    ACTUAL
                        (KPI)                                                                                 PERFORMANCE
------------------------------------------------------------------------------------------------------------------------------------
<S>                     <C>                                <C>     <C>              <C>                       <C>
Profits Indices         Rate of return of the invested     20%     %                8.38
                        capital of PetroChina (ROIC)

                        Net income of PetroChina (NI)      20%     In thousand RMB  34,280
------------------------------------------------------------------------------------------------------------------------------------
Operating Indices       Performance rate of the oil        20%     %                100
                        and gas reserves control plan
                        ------------------------------------------------------------------------------------------------------------
                        Rate of reserves replacement       20%     %                102
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Operating Indices       Rate of excellent scientific       10%     %                75
                        projects of the Institute
                        after being inspected in
                        acceptance tests

                        Rate of scientific products        10%     %                80
                        which have been put into
                        application
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

Signature of Offeree: /s/ JIA CHENGZAO     Signature of Offeror: /s/ CHEN GENG
                      ------------------                         ---------------

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