Mercedes will not replace Petronas with Aramco in 2022
Mercedes will not replace Petronas with Aramco in 2022
Mercedes will not replace long-term title sponsor Petronas with Saudi Arabian oil company Saudi Aramco at the end of the Formula 1 season, GPFans understands.
In December last year, INEOS, under the leadership of Sir Jim Ratcliffe, increased its stake in the Mercedes F1 team to position itself as an equal partner alongside Daimler and team principal Toto Wolff.
As part of a $2bn investment with Aramco and France's Total in 2019, three plants are currently under construction in Saudia Arabia with the INEOS 425,000 tonne acrylonitrile plant expected to be completed in 2025.
Given the connections between INEOS and Aramco, reports have emerged that Mercedes is set to part company with Malaysian oil and gas company Petronas and link up with Aramco.
Although sources failed to rule out a deal could be done with Aramco, it has been confirmed to GPFans that the Mercedes-Petronas relationship still has multiple years to run stretching well beyond 2022.
A spokesperson for Mercedes informed GPFans: “Petronas and Mercedes have been partners since 2010 in a collaborative long-term relationship that is mutually beneficial to both parties.
"Last year, we extended our partnership for another multi-year cycle and we are proud to continue to be working together to deliver cutting-edge performance.”
Petronas recently withdrew its title sponsorship of the Sepang Racing Team MotoGP outfit that this year has been home to retiring seven-time premier class champion Valentino Rossi.
Aramco branding has been prominent in F1 this season with the company sponsoring a number of grand prix events as well as pre-season testing.
With the Saudi Arabian Grand Prix set for its first running in December, further investment in the sport remains likely.
Related
Change your timezone:
Latest News
Vettel to make F1 RETURN in tribute to legend
- 2 minutes ago
Newey delivers new challenge announcement after Red Bull exit CONFIRMED
- 47 minutes ago
F1 News Today: Hamilton blasted by former F1 giant as multi-world champion poised for FIA showdown
- 3 hours ago
Newey Red Bull exit details confirmed as Ferrari make dramatic unveiling - GPFans F1 Recap
- Yesterday 23:57
Award-winning director reveals STUNNING tribute to F1 legend Senna
- Yesterday 22:57
Ferrari fans BEG for Newey after team reveal shock change
- Yesterday 21:57
Related news
Hamilton and Wolff centre stage as F1 shuts down New York for new emoji launch
F1 wonderkid in Imola TEST amid driver replacement reports
Mercedes reveal shock RED livery to celebrate historic milestone
Verstappen 'to meet Mercedes over SHOCK 2025 move as Red Bull exit clause revealed'
F1 Standings
Drivers
- Oliver Bearman
- Charles Leclerc
- Carlos Sainz
- Lando Norris
- Oscar Piastri
- Pierre Gasly
- Esteban Ocon
- Sergio Pérez
- Max Verstappen
- Alexander Albon
- Logan Sargeant
- Lewis Hamilton
- George Russell
- Nico Hülkenberg
- Kevin Magnussen
- Fernando Alonso
- Lance Stroll
- Valtteri Bottas
- Zhou Guanyu
- Daniel Ricciardo
- Yuki Tsunoda
Races
- Gulf Air Grand Prix of Bahrain 2024
- Saudi Arabian Grand Prix 2024
- Grand Prix of Australia 2024
- MSC Cruises Grand Prix of Japan 2024
- Grand Prix of China 2024
- Miami Grand Prix 2024
- Gran Premio dell'Emilia Romagna 2024
- Grand Prix of Monaco 2024
- Grand Prix du Canada 2024
- Gran Premio de España 2024
- Grand Prix of Austria 2024
- Grand Prix of Great Britain 2024
- Grand Prix of Hungary 2024
- Grand Prix of Belgium 2024
- Heineken Dutch Grand Prix 2024
- Grand Prix of Italy 2024
- Grand Prix of Azerbaijan 2024
- Grand Prix of Singapore 2024
- Grand Prix of the United States 2024
- Gran Premio de la Ciudad de Mexico 2024
- Grande Prêmio de São Paulo 2024
- Heineken Silver Las Vegas Grand Prix 2024
- Qatar Grand Prix 2024
- Grand Prix of Abu Dhabi 2024
About GPFans
GPFans is a multi-platform, multi-language brand dedicated to Formula One coverage. We bring you all the ins and outs of the sport, 24/7, everything from up-to-the-minute news and features to the latest viral stories and clips.We believe that a new generation of exciting, outspoken drivers will make F1 more popular than ever before, and we want to give our users access to as much of their heroes as possible, on and off the track. From Lewis Hamilton to Max Verstappen, Daniel Ricciardo to Sebastian Vettel, we provide in-depth analysis of every every Grand Prix in the season, from Australia to Abu Dhabi.
With Formula One under the new ownership of Liberty Media, how the sport is being covered is evolving, and GPFans will look to be at the heart of this progression into new media, as one of the fastest-growing sites covering the king of motorsports.
Follow us on your favorite social media channel
Corporate & Media
Innovatieweg 20C7007 CD, Doetinchem, Netherlands
+31645516860