I was able to solve this problem with the following steps:
Download instantclient-basic-win32-10.2.0.5 from Oracle Website
unzipped the into my c:\ with the name oraclient
Created the directory structure C:\oraclient\network\admin to add the TNSNAMES.ORA
Added the TNS_ADMIN env var pointing to C:\oraclient\network\admin
Added the ORACLE_HOME env var pointing to C:\oraclient\
After that i used the following code:
import cx_Oracle
con = cx_Oracle.connect('theuser', 'thepass', 'your DB alias on your TNSNAMES.ORA file ')
cur = con.cursor()
if cur.execute('select * from dual'):
print "finally, it works!!!"
else:
print "facepalm"
con.close()
I hope it helps someone.