Add olive oil to medium sauce pan and heat to medium.
Add rice and stir frequently for about 10 minutes, or until grains are light golden brown.
Stir in onion.
Add chicken broth, tomato sauce, salt and basil.
Give it one quick stir, bring to a boil.
Turn heat to low, cover and cook for about 25 minutes, or until rice is tender.
Note: DO NOT take lid off or stir after covering.
Garnish with a little oregano.
Give a gentle stir before serving.