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.
Obligations and guarantees
Mobilizing the national strategic stocks
Recognized financial stability
SAGESS's stocks are backed by a centralized crisis management system. This system, under the responsability of the central administration, makes SAGESS's stocks available to oil's partners in time of crisis.
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.
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.
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.