Standard & Poor’s confirms SAGESS' ratings

Standard & Poor’s confirms SAGESS' ratings

On November 18, 2011 Standard & Poor’s confirmed SAGESS’ AAA long term ratings, in line with France. SAGESS short term A-1+ rating has been renewed.
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New European directive for oil reserve obligations

Increase in strategic oil reserves

As of July 1, 2011, as part of the new European directive, oil reserve obligations rose from 27% to 28.5% of the previous year’s inland consumption.
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Edouard Filho

2010 annual financial report

Edouard Filho, Secretary General and CFO, presents SAGESS financial results and highlights 2010 strong points.
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Stocks

Oil products stocks

Created in 1988, on the initiative of oil operators and under the aegis of public authorities, SAGESS has the role of maintaining and managing strategic oil reserves.

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Safety

Compliance / Quality

Managing strategic oil stock reserves is a complex mission which involves supplying products respecting constraints on quantity, quality and compliance with legal specifications. 

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Financing

Eodem tempore etiam Hymetii praeclarae indolis

SAGESS manages a secured financing of strategic oil reserves. Thanks to diversified financing and a responsive financial policy, SAGESS is recognized for its financial stability.

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Supplies

Supply chain

SAGESS makes it reserves available to the French public authorities, under injunction, in the event of a crisis and at the request of the CPSSP. It guarantees a timely response in terms of releasing stocks around the entire country.

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Planning

Planning

As a member of the International Energy Agency (IEA) since 1992, France must permanently hold over 90 days’ worth of net imports of crude oil and oil products.

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