Around where the valve cover goes over the came shafts near the cam gears (which is like right above the belts/water pump) is a common place for oil to leak out from under the valve cover. When you replace the valve cover gasket, you're supposed to put some sealant where the two camshaft covers (i'm not sure what they're really called though...) meet the head... for lack of a better description. If you take the valve cover off you'll see what i'm talking about, there's probably already some beads of sealant in that area that's failed by now.
If the 1.6 has a timing belt cover that's anything like the cover on the 2.0, then it's probably broken where it bolts to the engine/head somewhere and oil is getting out from the timing belt area onto your other belts... not that there should be oil in the timing belt area, either. That's what happened to me eh, so maybe you've got the same problem.