SSIS Oracle Connector Error Using OLEDB with MSORA

Hello TechyV buddies!
I am having some problem connecting to Oracle database using OLEDB with MSORA as connection type. I get this error every time I connect o it:
"the Oracle registry key cannot be opened".
I am running windows 7 pro 32 bit with SSIS 08R2 enterprises and oracle 32 bit clients. And I also have TOAD installed that can connect to tnsnames and full connections trings. All of these are running locally in my computer. Can anyone explain to me why have I encountered that error? Any help will be very much appreciated. Thank you!
