Petronas justifies Formula-1 spending


Wan Zulkiflee: ‘The race is all about efficiency and Petronas is the technical partner that supplies the lubricants to the cars that have won races.’

PETALING JAYA: For the first time, Petroliam Nasional Bhd (Petronas) has come out with numbers to justify its involvement in the high-profile Formula One (F1) World Drivers’ Championship.

According to Petronas, the partnership with Mercedes-Benz earned it US$901.08mil (RM3.7bil) in global media exposure (GME) last year.

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