Multinational oil and gas company BP and its lubricant brand Castrol have partnered with French Formula One motor-racing team Renault.
The five-year deal covers the 2017 to 2021 F1 seasons. BP and Castrol will serve as the official fuel and lubricants providers of the team through the BP Ultimate and Castrol Edge brands.
Cyril Abiteboul, managing director at Renault Sport Racing, said: “With the new aerodynamic regulations for the 2017 Formula One season, power sensitivity will increase. Therefore fuels and lubricants will make an even greater difference to the overall performance of the car than they have since the new power unit regulations have been introduced in 2014.
“The teams at BP and Castrol are very excited by the challenges offered by Formula One and we are confident they will help us achieve our ambitions for our new car in 2017 and beyond.”
The last time BP and Castrol worked together in F1 was during the 1997 season, when Williams Renault won both the constructors’ and drivers’ championship.
BP replaces French oil and gas giant Total as Renault’s fuel supplier.