Decision on F1 race in Malaysia lies with Youth and Sports Ministry, says PETRONAS
PETRONAS has stated that the decision to host a Formula One race in Malaysia rests with the Youth and Sports Ministry. The ministry is currently assessing the feasibility of hosting a replacement race at the Sepang International Circuit.
Why it matters
The potential return of F1 to Malaysia would have significant economic and tourism implications for the region.
KUALA LUMPUR: Petroliam Nasional Bhd (PETRONAS) said the decision on whether Malaysia will once again host a Formula One (F1) race falls under the purview of the Youth and Sports Ministry and relevant authorities.
In a statement to Bernama Saturday (July 25), the national oil company said it was aware of the possibility of the championship returning to the country this year
"As a business entity, PETRONAS will continue to pursue opportunities that align with its strategic and commercial priorities, while delivering sustainable long-term value for the nation," it added.
On Friday (July 24), Youth and Sports Minister Dr Mohammed Taufiq Johari said the ministry is conducting discussions and assessing the possibility of the F1 race returning to the Sepang International Circuit (SIC), following preliminary information that Malaysia could host a replacement race if the Bahrain Grand Prix is unable to go ahead.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in