Yamaha Motor Co., Ltd has signed a three-year agreement with Petronas that will see the Malaysian oil and gas💎 corporation become a new Official Sponsor of the Fiat Yamaha Team.

Under the new partnership, Fiat Yamaha will carry the Petronas branding on the team's liveries, including the bikes of reigning six-time MotoGP world champio🅰n Valentino Rossi and 2008 rookie of the year Jorge Lorenzo.

Petron🌳as had been linked to the position of title sponsor for the factory Yamaha team, before Fiat extended its agreement for 2009 and 2010.

The new Yamaha/Petronas partnership will also lead to the future extension of an existing business relationship🍬 in Malaysia into the South-East Asian region, ༺for the development and production of Yamalube engine oil for Yamaha OEM vehicles.

"This is a very exciting development for Yamaha and for the sport of MotoGP," commented Lin Jarvis, managing director of Yamaha Motor Racing. "Yamaha and Petronas already have a successful business relationship away from racing, and this new, long-term, bus🃏iness partnership will see the ties between the two multi-national companies strengthened further.

"It is especially good to see a global company of Petronas' stature making the decision t﷽o enter into our sport at th𒈔is difficult time and we look forward to working hand in hand with them to develop a long and mutually beneficial relationship," Jarvis added.

The new Fiat Yamaha livery, w💞ith Petronas branding, will be seen for the first time on Friday, during free practice for the season-opening Qatar Grand Prix.