This contribution critically examines the entry of neoliberal reforms into the oil sector. It contends that the introduction of neoliberal reforms in this sector has been associated with the dismantling of workers' rights, the erosion of trade unions and an increase in income inequality. Particular attention is paid to the neoliberal adjustment reforms in the employment sector, which ultimately led to the complete precarization of oil workers. It is shown that this process of precarization served the sole purpose of rendering the workers incapable of forming a viable labour protest movement.