Sagess 25 years of Managing<br />strategic oil reserves
Sagess bond issue

SAGESS successful bond issue

On February 27, 2013, Sagess successfully issued a new 12 year bond.
SAGESS, Central Storage Entity for France

SAGESS, Central Storage Entity for France

In the adoption of the European Directive on strategic oil reserves 2009/119/CE dated September 14, 2009, SAGESS has been offocially nominated central storage entity for France.
Standard & Poor’s confirms SAGESS' ratings

Standard & Poor’s confirms SAGESS' ratings

On October 2, 2012 Standard & Poor’s confirmed SAGESS’ AA+ (negative outlook) long term and A-1+ short term ratings, in line with France.
SAGESS Sustainable Development

SAGESS Sustainable Development

SAGESS is involved in a sustainable development process. 2012 Sustainable Development Report is on line.
New European directive for oil reserve obligations

Increase in strategic oil reserves

As of July 1, 2012, as part of the new European directive, oil reserve obligations rose from 28.5% to 29.5% of the previous year’s inland consumption.

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.

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. 

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.

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.

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.