Petroliam Nasional Berhad or PETRONAS, the Malaysian oil and gas conglomerate, today announces its commitment to undertake the role of the title sponsor for the coming 2004 Shanghai International Race Festival.

Scheduled from 16 to 18 July, the event, to be officially known as the PETRONAS Shanghai International Race Festival 2004, features a street race for various classes of cars on the streets of Shanghai with German Touring Car series, Deutschen Tourenwagen Masters (DTM), as its main highlight.

President and Chief Executive Officer of PETRONAS, Tan Sri Dato Sri Mohd Hassan Marican said, “Today is a very special day for PETRONAS as we announce our title sponsorship for the Shanghai International Race Festival 2004. PETRONAS is indeed very honoured to have been given the trust and mandate by the organizers and the people of Shanghai to assume such an important role in this prestigious motor sporting event.”

He said PETRONAS could be considered a veteran in its involvement and achievements in international motor sports. The company is a technology partner to the SAUBER PETRONAS Formula 1 Team, a partner to the Foggy PETRONAS World Superbike Racing Team, and is principal sponsor in other motor sports teams competing in Malaysian, regional and international championships. In Malaysia, PETRONAS has also been the title sponsor for the Malaysian Formula 1 Grand Prix since 1999.

“We are confident that our experience in organizing and active participation in many world-class motor sporting teams and events would complement that of our Chinese colleagues. Together we will work hand in hand to ensure that the PETRONAS Shanghai International Race Festival 2004 will become one of the most successful and memorable sporting events in China,” he said.

The event, set to be a prelude to the SINOPEC Chinese Formula 1 Grand Prix in September, will also feature street demonstrations by the SAUBER PETRONAS Formula 1 Team and by the Foggy PETRONAS Racing Team.