Ecuadorean President-elect Daniel Noboa after receiving his credentials from the National Electoral Council
Testing times for Ecuador’s new president
Security concerns and environmental opposition to oil and gas drilling pile pressure on new leader’s truncated first term
Ecuador’s youngest ever president, Daniel Noboa, may have narrowly edged out his leftist opponent in the country’s recent snap general election, but he faces a steep learning curve if he wants to secure a second term in just less than 18 months. The heir of a banana dynasty, Noboa inherits an economy reeling from unprecedented gang violence and a public increasingly distrustful of the extractive sector. The assassination of presidential hopeful Fernando Villavicencio in August highlighted the deteriorating security situation. “Noboa managed to capitalise on his positioning as a new and fresh young face, offering change and pledging employment, economic opportunity and security,” said Eilee
Also in this section
25 March 2025
Cote d’Ivoire’s ambitions to become a major regional producer have gained renewed momentum, with established players and new entrants striking upstream deals and committing to long-term investment
24 March 2025
Indian E&P company wants to take domestic production to a new horizon, given the amount of unexplored opportunities
21 March 2025
Two recent developments raise the prospect of a revival in northern Iraqi oil and gas fortunes, but familiar obstacles could thwart momentum
20 March 2025
As cash-strapped Western governments commit to substantially raising defence expenditure, a similar dynamic is playing out in Saudi Arabia’s oil and gas sector, as Saudi Aramco maintains it heavy capex push despite reduced revenues
