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Storage of Strategic Oil Stocks

Petroleum products made available to the CPSSP for the coverage of the bond must be stored in bonded warehouses.

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the International Energy Agency The CPSSP and the State The obligations of an no approved oil operator The obligations of an approved oil operator The Société Anonyme de Gestion des Stocks de Sécurité : SAGESS A national obligation The European Union

Provide

Provide

Strategic oil stocks are made available to oil operators in the event of a crisis following a decision by the government itself following decisions by the IEA and the European Union.

 

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Obligations

Obligations

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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Coverage

Coverage

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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Storage

Storage

The products covered by the bond must be stored in bonded warehouses. These places are refineries, depots and caverns that belong to the operators and SAGESS.

 

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