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Petronas signs with Mercedes GP instead of Lotus
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<blockquote data-quote="ALBundy" data-source="post: 392491" data-attributes="member: 15"><p>Actually if read Petronas' yearly report, a large part of its revenue is from foreign joint ventures like in Sudan and etc. If I remember correctly, it's more than 50%!! </p><p> </p><p>Petronas' involvement in F1 has given them a lot of credibility internationally and more so when they are competing with the big boys for new oil fields. </p><p> </p><p>And as I mentioned earlier, Petronas would want to sponsor a manufacturer so that they can have benefit with their downstream business as well. It's a win win situation for Petronas. <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite1" alt=":)" title="Smile :)" loading="lazy" data-shortname=":)" /></p><p> </p><p>Latest news,</p><p> </p><p><a href="http://www.themalaysianinsider.com/index.php/malaysia/47735-petronas-deal-to-sponsor-mercedes-gp-was-a-business-decision" target="_blank">http://www.themalaysianinsider.com/index.php/malaysia/47735-petronas-deal-to-sponsor-mercedes-gp-was-a-business-decision</a></p></blockquote><p></p>
[QUOTE="ALBundy, post: 392491, member: 15"] Actually if read Petronas' yearly report, a large part of its revenue is from foreign joint ventures like in Sudan and etc. If I remember correctly, it's more than 50%!! Petronas' involvement in F1 has given them a lot of credibility internationally and more so when they are competing with the big boys for new oil fields. And as I mentioned earlier, Petronas would want to sponsor a manufacturer so that they can have benefit with their downstream business as well. It's a win win situation for Petronas. :) Latest news, [URL]http://www.themalaysianinsider.com/index.php/malaysia/47735-petronas-deal-to-sponsor-mercedes-gp-was-a-business-decision[/URL] [/QUOTE]
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Petronas signs with Mercedes GP instead of Lotus
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