Signing of a storage agreement with ENSE, the Portugal strategic oil reserves stockholding authority

Manosque, France – Géosel is proud to announce the signing of a 10-year agreement with Entidade Nacional para o Setor Energético, the Portugal strategic oil reserves stockholding authority. Since last Summer, a portion of Portugal’s crude oil strategic reserves has been stored in the underground storage facilities of Géosel in Manosque, France. Karim Benbrik CEO of Géosel commented : “this new contract is fully in line with Géosel’s mission to contribute to the energy sovereignty of France and Europe.”