Rinse the rice until the water runs clear.
In a large pan, heat olive oil and butter over medium-high heat.
Add red bell pepper, onion, minced garlic, and tomato paste. Sauté for 3-4 minutes.
Add the rice and toast for about 3 minutes until fragrant.
Pour in the chicken stock and add chili powder, paprika, turmeric, salt, oregano, and chili flakes. Mix and bring to a boil.
Reduce heat to simmer, cover, and cook for about 11-12 minutes. Let it sit covered for an additional 10 minutes.
Fluff the rice with a fork, then add peas and chopped cilantro. Mix well.
Serve the rice topped with the cooked chicken, and enjoy the flavors!