Hinovski says Spetsov must audit Lukoil flows

Energy analyst Ivan Hinovski stated that recently appointed special manager Rumen Spetsov should focus on financial transparency rather than refinery operations or international negotiations. The tax authority veteran’s primary responsibilities involve exposing Lukoil-Neftekhim’s cash flows to affiliated entities and halting Russian war financing through Bulgarian business channels.

Hinovski emphasized that Spetsov must conduct preliminary audits of monetary transactions and asset valuations, preferably through international accounting firms, while preparing the facility for eventual sale. Bulgaria cannot afford to purchase the refinery outright, as absorbing three billion in liabilities would push the national deficit from three percent to fifteen percent. The expert recommended seeking buyers from OECD member nations rather than attempting a domestic acquisition.

Examining historical expenditures, including potential offshore transfers and political contributions, represents another investigation priority that could illuminate operational practices affecting Bulgarian citizens.