No mate.
If the ferric material is porous the oil penetrates down into the body of the blade. You'll never get rid of the smell.
You could wash a blade off with turps, I suppose, acetone tends to dry a bit too quickly for my liking, but all I ever use is dishwash --- when I think its necessary
I've got blades that I've stripped and stained and oiled with kenongo/cendono, and then I come back 12 months later and they still smell of the oil that was on them before I cleaned them up.
I suggest you ignore the smell. Just give it a scrub with dishwash and go ahead with the job.
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