While Petkim received the “Best Working Capital Management Award” given by International Finance Magazine, which is closely followed by the finance world, within the scope of the International Finance Awards, the Best Woman CFO Award was given to Betül Sarıkaya, CFO of the Natural Gas Business Unit of SOCAR Turkey.
SOCAR Turkey, Turkey’s largest direct foreign investor; This year, it was awarded in 2 different categories within the scope of the International Finance Awards announced annually by the world-renowned and respected publishing company International Finance Magazine. The UK-based magazine’s ‘Best Working Capital Management Award’ was awarded to Petkim in Turkey, while the ‘Best Woman CFO’ was awarded to Betül Sarıkaya, Natural Gas Business Unit CFO of SOCAR Turkey. was given.
“IT IS VERY VALUABLE FOR THESE AWARDS TO COME IN A DIFFICULT PROCESS LIKE A PANDEMY”
SOCAR Turkey Refinery and Petrochemical Business Unit Financial Affairs Vice President and Petkim CFO Elchin Ibadov, who said that it is proud to receive two awards from International Finance Magazine, which has a great prestige in the international arena, said, also very valuable. Petkim, Turkey’s first and only integrated petrochemical plant, had the advantage of meeting the petrochemical raw material needs with high quality and uninterruptedly by working in integration with STAR Refinery, another group company of SOCAR Turkey. In this way, Petkim also saved a significant amount of logistics cost. In addition to the efficiency and digitalization projects we have implemented, Petkim achieved very successful financial results with the effect of correct management of currency and interest risks and financial instruments, optimization of operating expenses and effective working capital management. We are delighted that Petkim’s performance in stock, receivables, cash and debt management, which increased its operational profitability by 21 percent to TL 1.9 billion in 2020 compared to the previous year, was awarded in the Best Working Capital Management category. he spoke.
BEST WOMEN CFO AWARD TO SARIKAYA
Betül Sarıkaya, CFO of SOCAR Turkey Natural Gas Business Unit, was deemed worthy of the award given by International Finance Magazine in the category of “Best Women CFO” within the scope of the International Finance Awards. Following the completion of the acquisition process of Bursagaz, Kayserigaz, EWE Enerji, Enervis and Millenicom in June 2019, the ongoing integration process in the companies gathered under the Natural Gas Business Unit was completed as of February 2021. Sarıkaya stood out as one of the successful performers on the finance front in this process.