eventlowg.dll is a library file that is responsible for implementing main parasite functions and running its destructive payload. The eventlowg.dll file cannot run by itself and therefore needs to be loaded with the help of some executable files. However, certain parasites reconfigures the operating system or installs eventlowg.dll as a plugin, so that the system or certain applications automatically load it on startup.
The eventlowg.dll file is installed and used by adware
AdGoblin.
In some cases a presence of eventlowg.dll does not mean that your system is infected. The file may actually belong to some fully legitimate applications and therefore must stay intact. If you are in doubt, please scan the eventlowg.dll file using you regular spyware remover or antivirus program.