Renault Sport Racing Announce BP And Castrol As New Partner

Renault Sport Racing has announced a partnership with BP and Castrol for the next five years. The oil company will provide fuel and lubricants for the Renault F1 team.

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BP and Renault Sport Racing have announced a new partnership which will see the global oil company join the recently reformed Renault Sport Formula One Team for the next five years.

BP and Castrol, the oil company's global lubricant brand, will provide fuels and lubricants for the upcoming Formula 1 season, which gets underway in Melbourne, Australia, in March.

BP and Castrol will be part of the Renault Sport Formula One Team as the official fuel and lubricants provider through the BP Ultimate and Castrol EDGE brands.

President, Renault Sport Racing, Jerome Stoll said, "The return of BP and Castrol, brands with such strong heritage in motorsport, is very good news and opens new opportunities for our Formula 1 team."

Chief Executive, BP Downstream, Tufan Erginbilgic commented, "Developing leading fuel and lubricant technologies is a key priority for BP. This partnership creates exciting opportunities for the teams in Renault and BP to work together to further our cutting edge fuel and lubricant technologies in the highly competitive world of Formula 1."

Managing Director, Renault Sport Racing, Cyril Abiteboul stated that with the new aerodynamic regulations for the 2017 Formula One season, the power output will increase. Therefore fuel and lubricants will play a key role in the performance of the car.

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Story first published: Sunday, January 29, 2017, 11:30 [IST]
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