Exhibit 4.16 YEAR 2001 PERFORMANCE CONTRACT WITH VICE PRESIDENT OF PETROCHINA COMPANY LIMITED AND GENERAL MANAGER OF PETROCHINA REFINING & MARKETING COMPANY
Exhibit 4.16
YEAR 2001 PERFORMANCE CONTRACT WITH VICE PRESIDENT OF PETROCHINA COMPANY LIMITED
AND GENERAL MANAGER OF PETROCHINA REFINING & MARKETING COMPANY
Offeree: Name: XXX, Xxxxxxxx Offeror: Name: XXXXX, Xxx Xxxx 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
INDICES KEY PERFORMANCE INDICES (KPI) WEIGHT MEASUREMENT TARGET ACTUAL PERFORMANCE
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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
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.
Signature of Offeree: s/Xxx Xxxxxxxx Signature of Offeror: s/Xxxxx Xxx
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