Persian Gulf at its narrowest, in the Strait of Hormuz. The waters are overall very shallow, with a maximum depth of and an average depth of . Countries with a coastline on the Persian Gulf are (clockwise, from the north): Iran; Oman's Musandam exclave; the United Arab Emirates; Saudi Arabia Qatar, on a peninsula off the Saudi coast; Bahrain, on an island; Kuwait; and Iraq in the northwest. Various small islands also lie within the Persian Gulf, some of which are the subject of territorial disputes between the states of the region. The International Hydrographic Organization defines the Persian Gulf's southern limit
Persian Gulf petrochemical industry. In 2002, the Persian Gulf nations of Bahrain, Iran, Iraq, Kuwait, Qatar, Saudi Arabia, and the UAE produced about 25% of the world's oil, held nearly two-thirds of the world's crude oil reserves, and about 35% of the world's natural gas reserves. The oil-rich countries (excluding Iraq) that have a coastline on the Persian Gulf are referred to as the "Persian Gulf States". Iraq's egress to the gulf is narrow and easily blockaded consisting of the marshy river delta of the Shatt al-Arab, which carries the waters of the Euphrates and the Tigris rivers, where the east bank