The Caterham Formula One team have excitingly revealed a brand new partnership with Russian petrochemical company SIBUR, just days after confirming Vitaly Petrov alongside Heikki Kovalainen in their race seats for the 2012 season.
Caterham confirmed Petrov as one of their 2012 race drivers last Friday, the Russian replacing Jarno Trulli in the team after an eleventh hour deal was agreed.
Petrov's move was largely seen as one of financial necessity from Caterham, with the Russian having the backing of a number of Russian sponsors.
And the team has wasted no time in tying up their first major deal, announcing a partnership with the SIBUR company on Monday.
SIBUR is the largest petrochemical company in Russian, and will add their logos to Caterham's F1 cars this season.
"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," team boss Tony Fernandes grinned.
"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.
"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'S CEO Dmitry Konov 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. Formula One mixes cutting-edge technology and the highest level of competition, and these are concepts SIBUR understands very well."
He went on: "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."
Russia are set to host a Formula One race for the first time in 2014, at a new track being built in Sochi.
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