The Spanish oil company Repsol is keen to return to formula one in the future, possibly with the teenage racer Jaime Alguersuari, according to the Marca sports newspaper.

The Spanish oil company Repsol is keen to return to formula one in the future, possibly with the teenage racer Jaime Alguersuari, according to the Marca sports newspaper.

Repsol has inked an agreement with the 19-year-old Spaniard and reigning British F3 champion, who made his F1 test debut with Red Bull last year.

Alguersuari is also highly rated amid the Red Bull programme of junior drivers.

Marca reports that he has teamed up with both Repsol and Red Bull backing to contest the World Series by Renault series in 2009.

Sponsorship chief Arturo Sus confirmed that MotoGP is still Repsol's motor racing focus, but he quickly affirmed the commitment with Alguersuari.

Marca cites sources in reporting that both Repsol and Red Bull are keen that the young driver moves into F1.

It should be remembered that Sebastian Vettel was competing with Red Bull backing in the World Series when he switched mid-season to F1 in 2007.