Formula 1: Petronas (oil and petrol) extends as title sponsor of Mercedes-AMG Petronas F1 Team

Petronas, a Malaysian oil and petrol company, has extended its title sponsorship and technical partnership with Mercedes-AMG Petronas F1 Team from 2026, announced the Formula One team on 28/09/2022. The two parties have been linked since 2010. The current agreement (2017-2025) is estimated to be worth $75m per season (€66m as of the date the agreement was signed on 15/07/2017).

"Today we are doing something a little bit unusual - announcing a partnership that will begin in four years' time. This sends an important message: our team and Petronas are no longer just partners, we are family, and we will be one team for many more years to come," said Toto Wolff, CEO and team principal.

"Not only will this renewal power the partnership towards two decades of success at the pinnacle of motorsport, but it also signals a commitment to a more sustainable future - and the determination to excel in the exciting technical challenge presented by the 2026 power unit regulations," explained the reigning World Constructors' champions.

• The next power unit regulations will come into force in the…