Petronas extends Malaysian race sponsorship

Petronas have signed an agreement with the Formula One Group to extend the national oil and gas corporation’s title sponsorship of the Malaysian round of the FIA Formula One World Championship for another five years.

Under the extended partnership, Petronas will continue to hold the title sponsorship rights as well as extensive advertising, branding and promotional benefits for the event until 2015. The partnership will provide Petronas the opportunity to continue leveraging on Formula One’s massive global appeal to build and support its international business expansion efforts as well as position Malaysia as a major sporting and tourism destination.