In a medium saucepan, combine the rinsed rice, water, salt, and olive oil. Bring to a boil over high heat.

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

Remove from heat and let it sit covered for 5 minutes.

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

Serve warm as a side dish.