WATER BASED PRODUCT FOR TREATING VANADIUM RICH OILS

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Provided are water-based fuel additive compositions that, when combusted with a fuel containing vanadium in a gas turbine, inhibit vanadium hot corrosion in the gas turbine. The water-based fuel additive compositions include at least one rare earth element compound or alkaline earth element compound that retards vanadium corrosion resulting from combustion of vanadium rich fuel.