Petronas to continue F1 sponsorship

Malaysia’s national oil corporation Petronas says it will continue to be the title sponsor of the Petronas Malaysian F1 Grand Prix which has proven to be an effective platform to promote Malaysia on the global stage. “Petronas’ past and current participation in international motor sports has not only built its global brand but has significantly contributed to the growth of its business, in particular, its lubricant and fluids business in several key markets across Asia and Europe,” said Petronas in a statement. It has also paved the way for technological and knowledge acquisition relevant to the oil and gas industry, Petronas said. (November 6, 2009)