Sepang International Circuit Sdn Bhd (SIC) and PETRONAS wish to announce today that both parties have mutually agreed to end their partnership in relation to the Title Partnership of the PETRONAS Sepang Racing Team. The partnership will end at the conclusion of the 2021 MotoGP™ season.
PETRONAS has been the Title Partner to SIC since 2018, through the PETRONAS Sprinta Racing in Moto2™ and Moto3™. The project was expanded to MotoGP™ in 2019 via PETRONAS Yamaha Sepang Racing Team.
Further to this development, the team is expected to make an announcement regarding its continuation in MotoGP™ from 2022 onwards under a new independent entity.
Chief Executive Officer of SIC, Azhan Shafriman Hanif said, “SIC wishes to thank PETRONAS for the unwavering support during the partnership and a remarkable journey together. We respect PETRONAS’ decision, and mutually agreed that this partnership has accomplished its purpose and objectives. We have enjoyed a meaningful partnership, with great achievements and memorable moments with the team. I believe this is not the end of our collaboration in motorsports as we continue our quest in nurturing Malaysia’s motorsports talents.”
“SIC is proud to have been involved in the formation and early development of the team that had surpassed expectations in its performance. We wish the team all the best in the next phase of its evolution under a new entity.”
PETRONAS’ Head of Strategic Communications, Datin Anita Azrina Abdul Aziz said, “We entered into this partnership with SIC to showcase our R&D capabilities, and we are proud that PETRONAS Fluid Technology Solutions have been instrumental towards establishing the team’s status as a championship contender. Together, we have created some standout moments in the sport, serving as an indication that we have achieved what we set out to do and we feel it is the right time for us to conclude the partnership. On behalf of PETRONAS, we would like to express our gratitude to SIC for their commitment towards ensuring the success of the partnership.”