Checked, oil has been discovered in Niger in the 70's...so yeah... And they are still poor?!
Maybe because Niger produces 20k barels per day and Saudi Arabia 12 millions per day? What are we even comparing here?
With such a low production of petrol (of a similar level as metropolitan France actually) I don't think it's even worth selling it at all, it has more value as a strategic reserve for the military.
Who cares if they get a better bargain from the US, the Chinese or whoever else. That's competition. That's supply and demand. That's how they should get the most of what they have. No need to be so sour about it.
Yes for sure, that's okay to sell it cheaper with the market rate to China if it's what they really want.
Comments
Maybe because Niger produces 20k barels per day and Saudi Arabia 12 millions per day? What are we even comparing here?
With such a low production of petrol (of a similar level as metropolitan France actually) I don't think it's even worth selling it at all, it has more value as a strategic reserve for the military.
Yes for sure, that's okay to sell it cheaper with the market rate to China if it's what they really want.
First, production is not equal to reserve.
Second, the national demand is different, notably since there are less people.
I mean, at some point, arguing for arguing should stop. The facts are here. No need for the information to be grossly deformed...