Spanish Rice

This is my version of Spanish Rice that I have perfected throughout the years:
Ingredients:
1 cup medium size rice
1 cup water or chicken stock
1/2 cup salsa (I used Pace)
1/2 cup corn (I used frozen)
2 tbsp tomato paste
1/2 tsp cumin
1/2 tsp oregano (I used powdered)
Salt and Pepper
Olive oil