(Bloomberg) -- Saudi Aramco, the world's biggest oil producer, entered a sponsorship deal with Formula 1.
It's the Saudi company's first global sponsorship of a major sporting event, according to the statement. The deal includes track-side branding and title rights to major Formula 1 races this year.
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To contact the reporter on this story: Claudia Maedler in Dubai at cmaedler@bloomberg.net
To contact the editor responsible for this story: Paul Abelsky at pabelsky@bloomberg.net
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