The effect of corrosion in the oil industry leads to the failure of parts. This failure results in shutting down the plant to clean the facility. The annual cost of corrosion to the oil and gas industry in the United States alone is estimated at $27 billion (According to NACE International)--leading some to estimate the global annual cost to the oil and gas industry as exceeding $60 billion. In addition, corrosion commonly causes serious environmental...
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