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F1 secures major sponsorship deal with Saudi Aramco
Formula 1 has announced a new long-term sponsorship agreement with state-owned Saudi Aramco.
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It marks the first new major sponsor F1 bosses have announced since Liberty Media’s takeover of the sport, with Aramco joining the likes of DHL, Emirates, Heineken, Pirelli and Rolex as global partners. Aramco specialise in energy and chemicals production and hope to develop its technologies with F1 to create sustainable fuels and improve engine efficiency as part of the sport’s new sustainability plans announced last November. Aramco is considered to be one of the companies with the highest level of carbon emissions worldwide, while in a...
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