Renault Sport Racing and BP announced a new 5-year partnership partnership. The global oil company will join the Renault F1 Team in support of their F1 ambitions in the next five years. BP and Castrol will provide fuels and lubricants for the upcoming Formula 1 season. The season gets underway in Melbourne, Australia, in March.
Jérôme Stoll, President, Renault Sport Racing:
“The return of BP and Castrol is very good news and opens new opportunities for our Formula 1 team. BP’s commitment highlights the ongoing appeal of F1 to major multinational companies. We are very proud to have a technical partner and sponsor of this calibre.”
Tufan Erginbilgic, Chief Executive, BP Downstream, 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.”
Renault Sport Racing President Jérôme Stoll: “We are very proud to have a technical partner and sponsor of this calibre”
“With the new aerodynamic regulations for the 2017 Formula 1 season, power sensitivity will increase. Fuels and lubricants will make an even greater difference to the overall performance of the car than they have since the introduction of the new power unit regulations in 2014,” said Cyril Abiteboul, Managing Director, Renault Sport Racing.
“The teams at BP and Castrol are very excited by the challenges offered by F1. We are confident they will help us achieve our ambitions for our new car in 2017 and beyond.”
BP and Castrol will be part of the Renault F1 Team as the official fuel and lubricants provider through the BP Ultimate and Castrol EDGE brands.
The last time the two companies worked together was in 1997. Then Williams Renault won both the Constructors and the Drivers Championship.
— Renault Sport F1 (@RenaultSportF1) 18 January 2017