"...Despite the inherent risks in dealing with complex and unstable markets such as Iraq, Chinese investors have been gaining a foothold in the country’s energy sector and in doing so have begun to face a unique set of challenges. In addition to having to navigate a tumultuous political and security environment, China is engaging a country that for a long period of time remained effectively under U.S. military occupation even as the central Iraqi government operated under a framework of limited sovereignty ... China’s growing profile in Iraq also has thrust it into a geopolitical morass of intra-Arab rivalries. Iraq’s reemergence as an energy power has important geopolitical implications that transcend its impact on global supply and demand dynamics ..."