Post by Cordoba Research Group

“The CPC moves roughly 50 million tons of Kazakh crude a year, while all alternative routes combined handled around 4.5 million tons in 2025. That gap is not small, and it shows how Kazakhstan’s export system was built around a single corridor. Backup routes can relieve pressure at the margin, but they do not come close to replacing the CPC at scale.” 📌 In this note, Cordoba Research Group looks at: - Why the China pipeline has the most spare capacity, but still cannot match CPC volumes - How Druzhba and BTC help diversify flows, but leave major structural limits in place - Why rail can only serve as a short-term emergency option What the Trans-Caspian Oil Pipeline could change, and why it remains out of reach 📩 Read the note here: https://lnkd.in/eeRYGY3g (full note available in the Research Library) #Kazakhstan #OilMarkets #EnergySecurity #Caspian #Commodities #CordobaResearchGroup