Created in 1988, on the initiative of oil operators, SAGESS has the purpose of building up and maintaining strategic oil reserves, allowing its shareholders to delegate their obligation.Read more
Product volumes are defined in quality and quantity considering the legal technical requirements, the usefulness in crisis for the operators and the means of SAGESS within the framework of a dialogue with CPSSP.
SAGESS's purchases of oil products are made by tenders posted on its business portal.
Since 1928, French law has required the permanent availibility of three months of oil stocks.
The international organizations (UE/IEA) to which France subsequently joined, adopted the same type of precautions.
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.Read more