Rinse the rice under cold running water until the water runs clear (no longer milky colour).
Place the oil and rice into a pan and mix well.
Add the cold water and salt, and bring to boil, mixing occasionally so that the rice doesn't stick to the bottom of your pan.
Once the water boils, bring the heat down, mix once more through the bottom of the pan, and leave the rice to simmer for 10 minutes under a lid, or until all the water has been absorbed.
Remove the pot from the heat and let it rest for another 5-10 minutes.
Mix by lifting the rice gently with a fork or similar to make sure the rice grains don't stick.
Your rice is ready to be served!