About Sagess
Focus
Obligations and guarantees
Focus
Learn more about the European directive on minimum strategic oil reserves.
Controlling Logistics
Focus
Discover the pipeline owned by SAGESS, connecting the storage site of Manosque to the Berre area.
News on Sagess
CPSSP
CPSSP and SAGESS: a pair regulated and supervised by the state
The Comité Professionnel des Stocks Stratégiques Pétroliers (CPSSP) was founded by the oil law 92-1443 dated 31st December 1992 and its role stipulated by the decrees 93-131 and 93-132 dated 29th January 1993, aiming to reinforce the state control over management of strategic stocks which had been managed by SAGESS since 1988.
The CPSSP is a quasi-government body with a Board of 13 directors representing various oil organizations, and representatives of responsible ministries (Ministry of Economy with DGCCRF, Ministry of Budget), a state Commissioner (Ministry of Energy) and a Financial Controller (Finance Ministry). The mission of SAGESS operates under the control of Comité Professionnel des Stocks Stratégiques Pétroliers (CPSSP) as part of a mandate agreement. This indefinite agreement, approved by ministerial decree, governs relations between CPSSP and SAGESS.
The implementation of committee decisions and ongoing management is provided by a Managing Director, Jean-Marc Tennesson under the supervision of the Chairman of the Board of CPSSP, André Madec.
Operational decision-making and delegation
The sole mission of the CPSSP is to constitute and safeguard stocks of crude oil and oil products to cover the part of stocks obligation of the oil operators as attributed by law to the CPSSP. This mission covers metropolitan France and overseas departements. SAGESS undertakes the administrative and operational management of strategic stock obligations in the name and on behalf of CPSSP.
