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Hinovski: A reputable company from an OECD member state is a good option for a buyer of "Lukoil"

Mr. Rumen Spetsov should not be expected to do things related to the technological management of the refinery and large international deals. His role is to shed light on the business of "Lukoil-Neftokhim", to interrupt the cash flows that go to companies related to "Lukoil",

Nov 17, 2025 20:09 151

Hinovski: A reputable company from an OECD member state is a good option for a buyer of "Lukoil"  - 1

Mr. Rumen Spetsov should not be expected to do things related to the technological management of the refinery and large international deals. His role is to shed light on the business of "Lukoil-Neftokhim", to interrupt the cash flows that go to companies related to "Lukoil", that is, to stop financing the war. He said this in an interview with "From the Day" Ivan Hinovski, expert in the field of energy.

He is interested in opening the “notorious black box of “Lukoil-Neftekhim“. He was curious about the technology of “working at a loss“.

“Let's see what they spent money on: were political parties financed, were there any transitions to offshore companies, this raises the question of which business received funds. This is very interesting for the ordinary Bulgarian citizen. His task as a good NRA officer is to control incoming and outgoing cash flows, he knows how to do this”, explained the expert.

He stressed that it is very important for Bulgaria to prepare for the second stage of the occupation. Namely - the sale of the refinery. Preparing the conditions will also be part of the things that Spetsov will have to do.

His most important task, according to Hinovski, is to conduct an initial audit of the cash flows and begin an assessment of the company's assets. "This process should be assigned to a reputable international auditing company. We have a special manager, but he must do a job for which time may be extremely scarce", the expert noted.

"Many of our politicians dream of "Lukoil-Neftekhim" returning to Bulgarian assets, but this is a big spoon for our mouths at the moment. Can you imagine 3 billion of this meager budget going into liabilities? So, our deficit will jump to 15%, not 3%. The good option is to buy it from a reputable, large company from a country that is a member of the OECD, because this is an economic club of civilized countries,” Hinovski also commented.