Standard & Poor’s aligns SAGESS' ratings

Standard & Poor’s aligns SAGESS' ratings with that on France

On January 17, 2012 Standard & Poor’s aligned SAGESS’ long term ratings, in line with France from AAA to AA+. 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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Successful bond issue

SAGESS successful bond issue

On January 18, 2012, Sagess successfully issued a dual tranche 5-year and 12-year bond.
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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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