Persian Gulf Basin of approximately 93000 square miles. The name Persian Gulf in most cases refers not only to the Persian Gulf but also the Gulf of Oman, the Strait of Hormuz and various outlets that are linked to the Arabian Sea. The Arabian Plate tectonic origin is grouped into six phases which contributed to its current geology: The early Precambrian (from 800 to 650 Ma) is a compressional phase where a series of islands-arcs and micro-continent terrane accreted to form the oldest portions of the Arabian Plate (Gondwana). The development of Hormuz saltbasin was a consequence of the last Precambrian orogenic event.
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