BAGHDAD, Sept 6 (Reuters) - Iraq's state oil company

SOMO is in advanced talks with ExxonMobil ( XOM ) over a

possible agreement to secure storage capacity in Singapore using

tanks owned by the U.S. oil major, the Iraqi state news agency

INA said on Saturday.

Negotiations also include possible refining capacity deals

and profit-sharing arrangements in Asia, where demand for crude

and products continues to grow, INA added citing SOMO's Director

General Ali Nazar as saying.

In the past two years, Iraq has signed agreements with oil

majors that had previously retreated from the country, including

Chevron ( CVX ), France's TotalEnergies and UK oil

major.