The effect of temperature, time and rotation speed of FT-GTL process water on the corrosion rate of API X-120 carbon steel was investigated. Electrochemical impedance spectroscopy and potentiodynamic polarization techniques were used to determine the carbon steel corrosion rate under temperatures ranging from 293 to 323 K and rotation speed of 0, 500, 1000, 2000 rpm when the immersion time was 0.5, 1, and 2 h. The corrosion rate increased with temperature and rotation speed but decreased with immersion time. SEM, XRD, and XPS analyses of the corroded surfaces confirmed the formation of iron oxide and ferric oxide as the main components of the protective layer.