Petronas extends Malaysian GP naming deal

State oil company Petronas has extended its title sponsorship of the Malaysian grand prix.

Media statements said the contract extension is for a further five years.

Kuala Lumpur based Petronas also title sponsors the formula one team Mercedes GP.

"I am pleased that Petronas has again used formula one to let the world follow their success in the oil and gas automotive industry," said F1 chief executive Bernie Ecclestone.

The first Malaysian grand prix took place in 1999.