I am almost certain that it is the manifold gasket.
The turbos push alot of oil through the intercooler and inlet manifold so it very common to see oil leaking out of the intercooler pipes and also on the passengers side of the block behind the exhaust manifold and always looks like its comming out of the head. I have had to replace the manifold gasket on both 300tdis I have owned. Its a really easy and cheap job to fix. Half an hour tops.
You would think that you could hear it but I have never been able to. hope this helps



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