Rinse the rice under cold water until the water runs clear.

In a pot, combine the rice, water, olive oil, and salt. Bring to a boil.

Once boiling, cover the pot, reduce the heat to low, and simmer for about 18-20 minutes, or until the rice is tender and the water is absorbed.

Remove from heat and let it sit for 5 minutes.

Fluff the rice with a fork, then stir in the chopped cilantro and lime juice.