Brazilian news agencies have started reporting that a deal has been sealed between Lotus Racing’s F1 team and Brazilian oil company Petrobras. A nice match in terms of aesthetics at least since both Lotus and Petrobras colours are green and yellow.

Petrobras does not confirm this, saying that the deal is still in negotiations, but I think there won’t be smoke without fire! The deal is said to be worth US$9 million and Petrobras logos are expected to debut at the Spanish GP. Petrobras is not new to F1 sponsorship – they were a sponsor of Williams in the past.

Being the only new team that finished the race with both cars, I suppose the team’s Bahrain results has worked in the Malaysian-backed team’s favor in terms of potential sponsor confidence!