Also, wealth of nations comes from production, not just mere exploitation of ressources.

Countries like Germany got very rich early by producing valuable things instead of selling their ressources. On the contrary, Portugal had dozens of gold mines, and now it's much poorer than european industrial powerhouses.

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.