"Eeloil" is a non-existent word, and its spelling is not based on any established language or phonetic system. However, based on the IPA phonetic transcription, we can infer that its pronunciation would be /iːlɔɪl/. The first syllable "ee" indicates a long vowel sound, while the second and third syllables "loi" and "il" suggest the diphthong /ɔɪ/ and the ending /ɪl/ respectively. Overall, the spelling of "Eeloil" appears to be arbitrary and lacks any logical explanation.