Russian support for F1

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Following its signing of Russian driver Vitaly Petrov, Formula One team Caterham has announced of a new partnership with Sibur.

Russia and Eastern Europes largest petrochemical company had previously backed Petrov when he drove for Lotus Renault over the past two seasons, and this arrangement has now transferred over to Caterham. Tony Fernandes, Caterham team principal, said: We are delighted to welcome Sibur into our team and to help them continue their relationship in F1 with Vitaly, and now with Caterham F1 Team. F1 is a truly global sport, and Sibur's investment in our sport is proof of the value F1 can bring, on a national and international level, so we are looking forward to working closely with Mr Konov and his team at Sibur to help them realise maximum benefit from this partnership. Sibur joins Caterhams official partner portfolio, which currently includes GE, Dell, AirAsia, Tune Group, Naza, Renault, CNN, Pirelli, EQ8, HPE and PACT. The Winter Olympic host city of Sochi is set to host Russias first F1 grand prix in 2014. Dmitry Konov, CEO of Sibur, added: I'm very glad that Vitaly's career in Formula One is continuing with such an exciting new role at Caterham F1 Team. Vitaly plays a very important role for us, and all Russians. Konov said: Formula One mixes cutting–edge technology and the highest level of competition, and these are concepts Sibur understands very well. We understand how big a challenge it is to succeed in such an intense environment, and to maintain mastery of the conditions whilst always being at the very forefront of technical progress. That is why we are glad to give Vitaly and Caterham F1 Team our support. It is a real pleasure for us to continue our partnership in 2012, when Russia – thanks to Petrov as well – takes another step closer to Formula One.

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