Saudi Aramco aims to become a global refiner and chemical maker, seeking to profit from parts of the oil industry where demand is growing the fastest while also underpinning the kingdomÕs economic diversification. (Simon Dawson/Bloomberg) The buzz on Wall Street and the world’s other financial markets these days is the pending initial public offering to investors of stock in Aramco, the immensely profitable oil company that’s 100 percent owned by the government of Saudi Arabia. This sale, as you would expect, is a huge deal, not only for potential investors but also for financial houses. No numbers have been disclosed, but by my guesstimate, Saudi Arabia will shower more than $1 billion of fees onto Wall Street […]