The spelling of the word "Olinija" can be explained using the International Phonetic Alphabet (IPA). The first sound is "o," which is pronounced as /əʊ/ in IPA, followed by "l," pronounced as /l/. The third sound is "i," represented as /iː/ in IPA, and the fourth sound is "n," pronounced as /n/. Finally, the last two sounds are "i" and "ja," represented as /i/ and /jə/ respectively. So, the correct pronunciation of "Olinija" would be /əʊlɪniːjə/.