Termed out of office, Obeid headed the Front for Victory Santa Fe party list for seats in the Chamber of Deputies. His term as governor ended in December 2007 and he was succeeded by the Socialist Mayor of Rosario, Hermes Binner.
Obeid stepped down from his position as governor in December 2007, after which he took on leadership of the Front for Victory Santa Fe party list for seats in the Chamber of Deputies. The Socialist Mayor of Rosario, Hermes Binner, succeeded him.