Saudi Arabian oil giant Aramco has announced a long-term partnership with Formula 1, the premier international motorsport competition. The partnership will see Aramco become the official partner of Formula 1 from the 2022 season onwards.

Aramco, one of the world’s largest oil companies, will be seeking to leverage its partnership with Formula 1 to enhance its global brand recognition and increase its visibility among a broader audience. As part of the partnership, Aramco will have branding rights across all Formula 1 events, including the iconic racing tracks, podium ceremonies, and the official website and social media platforms.

In addition to branding rights, Aramco will also work closely with Formula 1 to develop and implement sustainable fuel solutions for the sport. Formula 1 has been actively engaged in promoting sustainability and reducing its carbon footprint in recent years, and the partnership with Aramco will further strengthen these initiatives.

Speaking about the partnership, Aramco CEO Amin Nasser expressed his excitement, stating, “We are thrilled to partner with Formula 1, a truly global and iconic brand. This partnership will provide us with a unique platform to showcase Aramco’s commitment to sustainability and innovation, as we work towards a more sustainable future.”

Formula 1 CEO Stefano Domenicali also welcomed the partnership, stating, “We are delighted to welcome Aramco to the Formula 1 family. Their expertise in sustainable fuel solutions will be invaluable as we continue to drive forward our sustainability agenda and deliver exciting racing for our fans around the world.”

The announcement of the partnership between Aramco and Formula 1 comes at an exciting time for the sport, with the 2022 season set to kick off in March. Fans can expect to see Aramco’s branding prominently displayed across all Formula 1 events, adding a new dimension to the overall experience.

Overall, the long-term partnership between Aramco and Formula 1 is a win-win for both parties, as it provides Aramco with a unique platform to showcase its sustainability initiatives while also enhancing Formula 1’s commitment to reducing its environmental impact. With both companies working together, the future of motorsport looks more promising than ever.