The government of Azerbaijan formally signed up to the Extractive Industries Transparency Initiative (EITI) in London, UK, on 17th June 2003. This paper provides an update of the status of EITI in Azerbaijan and reflects on some of the impacts of the EITI process on transparency and accountability in the oil, gas and mining sectors in Azerbaijan. It also poses a number of questions relating to how Azerbaijan should move forward to improve transparency and accountability in these sectors and reflects on the future of EITI. An earlier version of this paper served as the background paper for a workshop held in Baku on 2 March 2012, entitled "EITI and Beyond: View from Azerbaijan". This paper also includes reflections and outcomes from the workshop itself.