WILLIAMS F1 ANNOUNCES PARTNERSHIP WITH PDVSA

The President of Venezuelan, Hugo Chavez confirmed that the Venezuelan energy company, Petróleos de Venezuela S.A (PDVSA) had entered into a long-term partnership with the AT&T Williams team yesterday at a demonstration event of the 2010 Williams Cosworth FW32 at the historic El Paseo de los Próceres in the capital Caracas. PDVSA is the world’s fifth largest oil exporter, and Venezuela’s national energy company. The partnership will see PDVSA’s logo feature across AT&T Williams, including the team’s 2011 race car, the Williams Cosworth FW33, and the overalls of its race drivers, Pastor Maldonado and Rubens Barrichello. The team will also work closely with PDVSA and the Fundación Pastor Maldonado in the areas of education, road safety and energy efficiency for the wider benefit of Venezuelan society. Speaking about the new partnership, PDVSA’s Director of Corporate Affairs, Mr Julio Gonzalez, said: "PDVSA is extremely proud to support this partnership and Pastor Maldonado on behalf of our fellow countrymen. Pastor perfectly epitomises our country’s passion and discipline, as well as our determination to overcome huge social imbalances. However, we are looking towards building a new, more harmonious and fairer society and become an example to the world. Pastor will fly our flag this year and carry the hopes of an entire country in this new chapter of his career.” Team Principal of the AT&T Williams team, Frank Williams added, “We are very grateful to PDVSA for having joined our team. They are a substantial partner and can make a meaningful difference to our fighting ability. We are honoured that our new partnership was announced in Venezuela today while showing Pastor’s fans the power of a Formula One car. We are especially honoured that President Chavez himself witnessed the demonstration. On behalf of the team, we very much look forward to working with PDVSA and Venezuela and giving them some good results on track.” Adam Parr, Chairman of Williams F1 also spoke of the partnership: “Getting to know Venezuela over the past few months has been a revelation. We have been given the warmest possible welcome. We have also learnt a great deal. Venezuela plays a vital role in the economies of North and South America, but in addition it is rightly recognised for its staggering and varied natural beauty. Venezuela has Andean peaks, the Amazon, the longest stretch of Caribbean coastline of any nation and the world’s highest waterfall, the Angel Falls. We will be proud to represent Venezuela abroad and to work with partners here to promote the welfare and development of the people of this wonderful country.”

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