The Kimmeridgian-Tithonian aged Arab Formation, as the main reservoir of the Jurassic succession in the Balal oilfield, located in the offshore region of the Iranian sector of the Persian Gulf, is investigated in this study. The formation is composed of dolomites and limestones with anhydrite interbeds. Based on detailed petrographic studies, six microfacies are recognized, which are classified in four sub-environments including supratidal, intertidal, lagoonal and the high energy shoal of a homoclinal carbonate ramp. The main diagenetic features of the studied succession include dolomitization, anhydritization, cementation, micritization, fracturing and compaction. Based on stable isotope data, dolomitization of the upper Arab carbonates is related to sabkha settings (i.e. evaporative type). In terms of sequence stratigraphy, three shallowing-upward sequences are recognized, based on core and wireline log data from four wells of the studied field. Considering depositional and diagenetic effects on the reservoir quality, the studied facies are classified into eight reservoir rock types (RRT) with distinct reservoir qualities. Dolomitization has played a major role in reservoir quality enhancement, whereas anhydritization, carbonate cementation, and compaction have damaged the pore throat network. Distribution of the recognized RRTs in time and space are discussed within the context of a sequence stratigraphic framework.