Pastor Maldonad🎃o will remain with the Lotus F1 team for the 2016 Formula 1 World Championship season, it is has b🧜een announced.

The Venezuelan joined the Enstone-based squad at the start of the 2014 season on a🌄 multi-year deal, but while Maldonado was al☂ways contracted to remain in 2016, speculation over the team's future and a potential sale to Renault had put that contract in doubt.

However, following the 13th round of the 2015 season in Singapore, Lotus F1 has confirm𓆏ed it has taken up its option on Maldonado in what will be his sixth year in the category.

"It's great that the team can confirm my position as race driver for 2016," he said. "Obviously, there has been a lot of speculation about the future and whilst I have rꦉemained focused on my job on track it is also posi🌼tive to know that my future is confirmed.

"This season has presented♏ us with some challenges but the quality of the squad at Enstone is clear to see. I really feel part of the family at Enstone and Iꦑ'm looking forward to building on the work done this year to deliver better results in 2016."

Though Maldonado has endured mixed fortunes since joining Lotus and has only scored on four occasions over the last three seasons, Lotus team principal 𒁏Gerard Lopez is confident he has the speed to turn his form around.

"It's a positive for the future of Lotus F1 Team that we are able to confirm publically tha🍒t Pastor remains with us for next season," he said. Everyone at Enstone will testify that Pastor is a terrific person to work wi♕th and we all know the performances he is capable of on track.

"༺Pastor joined us with a multi-year deal so this confirmation is a reiteration of our belief in him. We hope to be able to make further positive announcements regarding the team in the near future."

The deal could be seen as a precursor to the confirmation that Renault will indeed assume control of the Enstone-based team for the 2016 season, wi꧅th many speculating the deal was confirmed behind closed doors this weekend.

However, in turn sources s𝓰ay it is almost certain that his current team-mate Romain Grosjean will switch to Haas for next year.