01 - Place the rice in a fine-mesh sieve and rinse under cold running water, gently agitating with your hand, until the water runs completely clear. Shake off excess water and set aside to drain well.
02 - In a medium saucepan, melt the butter with the olive oil over medium heat. Add the broken vermicelli noodles and sauté, stirring constantly, until they turn a deep golden brown, about 2 to 3 minutes. Watch carefully to prevent burning.
03 - Add the drained rice to the saucepan and stir gently for 1 minute, coating each grain evenly with the butter and oil mixture.
04 - Pour in the water or broth, add the salt and white pepper, and stir once. Bring the mixture to a full boil over medium-high heat.
05 - Once boiling, immediately reduce the heat to the lowest setting. Cover tightly with a lid and simmer undisturbed for 15 minutes, or until all the liquid is absorbed and the rice is tender.
06 - Remove the saucepan from the heat, keeping the lid on, and let the rice rest for 5 minutes. Remove the lid and fluff gently with a fork before transferring to a serving dish.