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Even tho it's a plug, I wouldn't use tape on any fittings on any oil system. As you thread it in, it is too likely that a scrap of it will get cut off and float around in the system, someday maybe laying across the seat of a port. TFE tape is forbidden for use on many commercial/industrial systems for this reason. As Ax says, the proper plug should seal as well as a pipe. Go together dry IMO