Rinse the rice in a fine mesh sieve under cold water until the water runs clear.
Heat the oil in a large skillet over medium/high heat.
Add the rice and stir to coat in the oil. Cook while stirring for about 7-10 minutes, the rice will turn very white as it cooks. Continue cooking until the rice starts to toast and turn slightly golden on the edges.
Stir in the tomato paste and then add the seasonings, stir to combine.
3 tablespoons tomato paste, 1½ teaspoon salt, 1 teaspoons onion powder, ½ teaspoon garlic powder, ½ teaspoon dried oregano
Pour in the broth or chicken stock and allow this to come to a simmer. Place the lid on and reduce the heat to low. Let the rice cook undisturbed for 25 minutes.
After 25 minutes, remove the rice from the heat, BUT KEEP THE LID ON.
Keep the lid on for 10 minutes after removing from the heat. After this time, you can lift the lid and fluff the rice using a fork. Serve and enjoy.