SS United Group Oil & Gas Company Limited (SUG) is a company, claiming to be an oil

Oil

An oil is any substance that is liquid at ambient temperatures and does not mix with water but may mix with other oils and organic solvents. This general definition includes vegetable oils, volatile essential oils, petrochemical oils, and synthetic oils....

 trading company

Trading company

Trading companies are businesses working with different kinds of products which are sold for consumer, business or government purposes. Trading companies buy a specialized range of products, maintain a stock or a shop, and deliver products to customers....

 supplying petroleum

Petroleum

Petroleum or crude oil is a naturally occurring, flammable liquid consisting of a complex mixture of hydrocarbons of various molecular weights and other liquid organic compounds, that are found in geologic formations beneath the Earth's surface. Petroleum is recovered mostly through oil drilling...

 products and advanced energy technology in China

China

Chinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture...

, Russia

Russia

Russia or , officially known as both Russia and the Russian Federation , is a country in northern Eurasia. It is a federal semi-presidential republic, comprising 83 federal subjects...

, Japan

Japan

Japan is an island nation in East Asia. Located in the Pacific Ocean, it lies to the east of the Sea of Japan, China, North Korea, South Korea and Russia, stretching from the Sea of Okhotsk in the north to the East China Sea and Taiwan in the south...

, Thailand

Thailand

Thailand , officially the Kingdom of Thailand , formerly known as Siam , is a country located at the centre of the Indochina peninsula and Southeast Asia. It is bordered to the north by Burma and Laos, to the east by Laos and Cambodia, to the south by the Gulf of Thailand and Malaysia, and to the...

 and Malaysia. The company described itself as a Hong Kong

Hong Kong

Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...

-based joint venture

Joint venture

A joint venture is a business agreement in which parties agree to develop, for a finite time, a new entity and new assets by contributing equity. They exercise control over the enterprise and consequently share revenues, expenses and assets...

 between SS United Oil & Gas Company  Ltd. and Saha Regal Best Company Ltd., a Thai investment company

Investment company

An investment company is a company whose main business is holding securities of other companies purely for investment purposes. The investment company invests money on behalf of its shareholders who in turn share in the profits and losses....

 involved in infrastructure projects in Thailand

Thailand

Thailand , officially the Kingdom of Thailand , formerly known as Siam , is a country located at the centre of the Indochina peninsula and Southeast Asia. It is bordered to the north by Burma and Laos, to the east by Laos and Cambodia, to the south by the Gulf of Thailand and Malaysia, and to the...

 and Indochina

Indochina

The Indochinese peninsula, is a region in Southeast Asia. It lies roughly southwest of China, and east of India. The name has its origins in the French, Indochine, as a combination of the names of "China" and "India", and was adopted when French colonizers in Vietnam began expanding their territory...

.

Formula One sponsor

Directly before the 2007 Australian Grand Prix

2007 Australian Grand Prix

The 2007 Australian Grand Prix was a Formula One motor race held on 18 March 2007 at the Melbourne Grand Prix Circuit, Melbourne, Australia. It was the first race of the 2007 Formula One season. The race, contested over 58 laps, was won by Kimi Räikkönen for the Ferrari team after...

 it was announced that the company was title sponsor of the Super Aguri

Super Aguri F1

Super Aguri F1 was a Formula One team that competed from to . The team, founded by former F1 driver Aguri Suzuki, was based in Tokyo, Japan but operated from the former Arrows factory at the Leafield Technical Centre, Oxfordshire. The cars were referred to as Super Aguri Hondas, with the team...

 Formula One

Formula One

Formula One, also known as Formula 1 or F1 and referred to officially as the FIA Formula One World Championship, is the highest class of single seater auto racing sanctioned by the Fédération Internationale de l'Automobile . The "formula" designation in the name refers to a set of rules with which...

 team. The company name SS United appeared on the rear wing

Spoiler (automotive)

A spoiler is an automotive aerodynamic device whose intended design function is to 'spoil' unfavorable air movement across a body of a vehicle in motion. Spoilers on the front of a vehicle are often called air dams, because in addition to directing air flow they also reduce the amount of air...

of the cars.

SS United defaulted on sponsorship payments which caused cashflow problems for Super Aguri and forced them to seek alternative sponsors. In the same month the SS United website was closed.

On 6 May 2008, the Super Aguri F1 Team withdrew from the Formula One Championship, citing SS United's breach of contract as a major cause for the team's demise.