PESTEL analysis For the past 5 months, the Islamic Republic of Iran has been in political turmoil, following the death of Mahsa Amini, a Kurdish girl who died in custody of the morality police of the Islamic Republic. While the official government position is that her death was not due to any wrongdoing on part of the authorities, the opposition counts numerous incidents of the past 44 years that indicate Mahsas death was another case in point. Opposition claims her death was the result of a brain haemorrhage caused by torture and violence of morality police. This incident has given rise to riots and violent protests by other social strata of Iranians who no longer want the Islamic Republic as a ruling political system in Iran. The alternative is a secular democracy based on human rights and Irans territorial integrity put forth by the opposition outside Iran, e.g. in Canada, US, Europe and Australia. The opposition is a loose alliance of monarchists, secular republicans, leftists, and religious minorities including Islamic groups who are secular. Canada and Iran have had turbulent relationships which diplomatically finished following the murder in custody of the Canadian-Iranian photo journalist, Zahra Kazemi in 2003. However, there have been other incidents of death in Iranian custody of Iranian-Canadians which have further severed the relationships between Tehran and Ottawa. Since mid-February 2023, the Iranian opposition abroad has gained momentum as the exiled Iranian Prince whose father was overthrown by revolutionary forces in 1979 has become more vocal against the Islamic Republic. He is supported by other activities outside Iran such as journalists and Iranian celebrities. As such, prominent Iranian dissident figures, like the exiled prince Reza Pahlavi himself, women rights activist Masih Alinejad, and activist Nazanin Boniadi were invited to renowned Munich Security Conference (MSC) in February 2023 instead of the official government. There have been other incidents were the opposition has been approached and welcomed by Western parliaments and governments instead of the officials of the Islamic Republic. This is the first time this is happening since 1979 revolution which brough the Islamic Republic to power in Iran. Scenario: Oil and Gas Reserves: You are the a consulting firmUCW Consultantsproviding service o the Canadian oil company, Suncor. Suncor wants to be proactive with regards to the very lucrative business opportunities that might be available in Iran soon. Iran holds some of the world's largest deposits of proven oil and natural gas reserves, ranking as the world's third-largest oil and secondlargest natural gas reserve holder in 2021. At the end of 2021, Iran accounted for 24% of oil reserves in the Middle East and 12% in the world. Infrastructure: Despite its abundant reserves, Irans crude oil production has fallen since 2017 because the oil sector has been subject to underinvestment and international sanctions for se.

1. PESTEL analysis
For the past 5 months, the Islamic Republic of Iran has been in political turmoil, following the death
of Mahsa Amini, a Kurdish girl who died in custody of the morality police of the Islamic Republic.
While the official government position is that her death was not due to any wrongdoing on part of
the authorities, the opposition counts numerous incidents of the past 44 years that indicate
Mahsas death was another case in point. Opposition claims her death was the result of a brain
haemorrhage caused by torture and violence of morality police. This incident has given rise to riots
and violent protests by other social strata of Iranians who no longer want the Islamic Republic as a
ruling political system in Iran. The alternative is a secular democracy based on human rights and
Irans territorial integrity put forth by the opposition outside Iran, e.g. in Canada, US, Europe and
Australia. The opposition is a loose alliance of monarchists, secular republicans, leftists, and
religious minorities including Islamic groups who are secular. Canada and Iran have had turbulent
relationships which diplomatically finished following the murder in custody of the Canadian-Iranian
photo journalist, Zahra Kazemi in 2003. However, there have been other incidents of death in
Iranian custody of Iranian-Canadians which have further severed the relationships between
Tehran and Ottawa. Since mid-February 2023, the Iranian opposition abroad has gained
momentum as the exiled Iranian Prince whose father was overthrown by revolutionary forces in
1979 has become more vocal against the Islamic Republic. He is supported by other activities
outside Iran such as journalists and Iranian celebrities. As such, prominent Iranian dissident
figures, like the exiled prince Reza Pahlavi himself, women rights activist Masih Alinejad, and
activist Nazanin Boniadi were invited to renowned Munich Security Conference (MSC) in February
2023 instead of the official government. There have been other incidents were the opposition has
been approached and welcomed by Western parliaments and governments instead of the officials
of the Islamic Republic. This is the first time this is happening since 1979 revolution which brough
the Islamic Republic to power in Iran. Scenario: Oil and Gas Reserves: You are the a consulting
firmUCW Consultantsproviding service o the Canadian oil company, Suncor. Suncor wants to be
proactive with regards to the very lucrative business opportunities that might be available in Iran
soon. Iran holds some of the world's largest deposits of proven oil and natural gas reserves,
ranking as the world's third-largest oil and secondlargest natural gas reserve holder in 2021. At the
end of 2021, Iran accounted for 24% of oil reserves in the Middle East and 12% in the world.
Infrastructure: Despite its abundant reserves, Irans crude oil production has fallen since 2017
because the oil sector has been subject to underinvestment and international sanctions for several
years. Although Iran is a member of OPEC, it is exempt from the production cuts under the
OPEC+ agreement because its crude oil production is constrained as a result of sanctions. Irans
crude oil production reached a 30-year low in 2020 as a result of these sanctions and the
economic impacts of the global COVID-19 pandemic. Output rose slightly in 2021 because global
oil demand increased. Although sanctions on its oil exports remained in place, Iran shipped more
crude oil, primarily to China, in 2021. If change comes: A secular and democratic Iran is expected
to experience the lifting of sanctions, but its not certain how long it will take to remove all
sanctions. As such, Irans crude oil production could hypothetically return to full capacity, which
EIA assesses at 3.7 million barrels per day (b/d). You are Suncors Consulting Firm: The Canadian
energy giant Suncor is considering entering the Iranian market, if the current regime is overthrown

2. and sanctions are lifted. They have approached youUCW Consultantsto analyze the situation for
them. Currently, there are numerous threats to doing business in Iran due to the chaotic
management and governance dominating the country: Westerners are being taken hostage, The
West is regarded as enemy of the state and a conspirator against the regime, Corruption and
nepotism are rampant which could result in Western companies making huge losses And more:
Do your own research Suncor has asked you to present your analysis as to whether Suncor
should consider Iran for business at all, even if there is a political change. They want you to
analyze the situation with a focus on these two questions: 1. What are the consequences of
starting a conversation with the Opposition? 2. What are the opportunities and threats for Suncor
to do business in Iran, if a regime change truly occurs? Remember, technically Suncor is fully
integrated. So, although Iran has no oil sands, Suncors integration makes it a good choice for Iran.
Ten years ago Suncor bought PetroCanda, so it has conventional upstream assets as well as oil
sands. It also has international upstream assets that it inherited from Petrocanada. Suncor could
invest in Iranian downstream as it has bought refining assets. Your Assignment: You are NOT
expected to write a full-fledged paper. Your assignment is to submit a PESTEL Table. You can
add a short introduction to it if you need to, but an effective PESTEL is self-explanatory. The value
lies in the table being concise, it adding value, and it being relevant to the questions asked. You
need to do extensive research for each of the aspects of PESTEL. However, you should NOT
bombard your audience with everything youn have found and with random and irrelevant
information. Here are some criteria of an effective PESTEL analysis: 1. Provide in each area of
PESTEL only relevant data and information: Dont copy-paste. Add value by summarizing the data
and customizing the pieces of information and data to the structure of your PESTEL Table: This is
CRUCIAL. 2. Make sure in each area of PESTEL you add value by making clear what the
relevance of that piece of information is to the case at hand. 3. Keep a unified structure in each of
the PESTEL areas. 4. Make sure your PESTEL Table is visually effective: Use bold titles and
make sure your audience will be able to find data easily, the second time they read it. NOTE:
Please dont copy-paste theoretical information about PESTEL or anything else. I know why they
are important. I am your teacher. Remember: Think like a practitioner and not a student:
Everything you write must add value to the questions.