Senex Energy Limited (ASX:SXY) is set to sell its equity interests in Port Bonython Fuels to Mitsubishi Corporation.
The energy company acquired the terminal in May last year and says the sale will allow it to focus on its core business.
While the sale is subject to conditions it is expected to be completed within months at which time the sale price will be announced.
Mitsubishi Corporation will be responsible for the costs of the project going forward.
Senex Energy reported a net loss of $3.3 million for the year June 30, 2011.
