Obligations and guarantees
Guaranteeing strategic oil reserves
Constitution, security and availability of oil supplies
SAGESS is committed to:
- Making oil stocks availabe to French public authorities in the event of a crisis or at the request of CPSSP.
- Ensuring a timely response in releasing oil stocks.
- Guaranteeing availability around the country through a grid of storage facilities based on legal thresholds defined by defense zones: 10 days for gasoline and 15 days for distillates (diesel and domestic fuel).
- Ensuring a secured and permanent financing of reserves.
Operators increasingly relying on the CPSSP/SAGESS system
In Metropolitan France, each oil operator individually assumes his stocking obligations by managing his own reserves on one hand (44% or 10% according to his choice) and by delegating the remainder (56% or 90%) to CPSSP which uses SAGESS stocks. This obligation is thus mainly covered by SAGESS, of which operators can be shareholders. To cover their oil stock obligations, operators are resorting more and more on the CPSSP/SAGESS system, whose know-how and efficency have been recognized for more than twenty years. The use of the system makes it possible for operators to delegate a major part of their obligation and to optimize costs.
Reserves of crude oil to end products: a French particularity
The strategic reserves managed by SAGESS are in constant growth and cover a whole range of oil products (from gasoline to crude oil). Unlike other industrialized countries like the United States or Japan which have mainly crude oil stocks, France also holds reserves of end products. Complementing European Union requirements, it distributes stocks in 4 categories – with an additional category to stock, jet fuel, as well as additional products in the French territories: propane, butane and GPL.