ASEVA, a public limited company with the federal State as sole shareholder, manages the Belgian security oil stocks. The amount to stocks that at minimum needs to be held is based upon the net imports of crude oil and oil products into Belgium in the previous year.

Subject to a decision by the federal government, ASEVA will in future also be able to manage additional energy stocks other than those stipulated in EU Directive 2009/119/EC.

ASEVA’s management tasks focus on three pillars:

stock management ;
crisis management ; 
energy transition ;

ASEVA’s functioning and the management of the oil security stocks are funded by means of a contribution payable on major oil products put into consumption.

ASEVA’s board of directors consist of representatives from the government and the oil (storage) sector. The daily management is undertaken by a limited staff.

ASEVA

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ASEVA

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