Aston Martin Formula 1 team signs long-term deal with Aramco: “Breakfast”

Aston Martin Formula 1 team signs long-term deal with Aramco: “Breakfast”

It is Aston Martin Formula 1 Team has long-term partnership with Aramco announced, the largest oil company in the world by production and reserves. The Lawrence Stroll racetrack is being renamed the Aston Martin Aramco Formula One Racing Team. The partnership will focus on the development of internal combustion engines, sustainable fuels, advanced lubricants and the use of non-metallic materials in vehicles. In addition to joint research, the partnership also includes financing rights, licensing agreements, and exclusive branding and licensing rights for Aramco’s oils and lubricants. This is also the reason that the name of the team is changed.

Saudi Aramco
With the arrival of Aramco, Lawrence Stroll a major player in the world economy. Saudi Aramco is the state oil company of Saudi Arabia and also the largest oil company in the world in terms of production and reserves. The company has a capacity of 10 million barrels per day and proven reserves of 260 billion barrels, or a quarter of the world’s reserves. Saudi Aramco is also Saudi Arabia’s largest employer, excluding the government. Until 1988, the company was called Aramco, short for Arabian American Oil Company, according to Wikipedia.

Lawrence Stroll: “We are in the game to win, so I am happy to welcome a great partner of Aramco’s status”

Lawrence Stroll
Lawrence Stroll talks about the partnership in the GPFans blog: “We’re in the game to win, so I’m happy to welcome an incredible partner of Aramco’s stature, who I’ve learned has a huge amount of intellectual property. “and technical capabilities, which I know will help our team to achieve our goals of winning the Formula 1 World Championship.”

Mohammed Al Qahtani
Mohammed Al Qahtani, Aramco’s Senior Vice President, added: “The partnership reflects Aramco’s efforts to reduce greenhouse gas emissions from the global automotive and transportation industry. Our goal is to provide high-quality fuels and lubricants to the industry of cars in the world, and our partnership with the Aston Martin team will help to increase awareness of our high quality products.”

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