Peel and devein the shrimp.
Pour oil into a Dutch oven. Place over medium heat.
When oil is hot and shimmering, add shrimp. Cook, stirring constantly, 5 minutes or until the shrimp turn pink.
Remove the shrimp with a slotted spoon to a plate. Cover and place in the refrigerator to chill.
Add carrots, onions, green peppers, celery and garlic to the Dutch oven. Cook stirring constantly, about 3 minutes.
Stir in the tomatoes, chicken broth, tomato sauce, water, rice, salt, thyme, red pepper, chili powder and sugar. Bring the mixture to a boil, cover, reduce heat, and simmer 45 minutes or until the rice is tender and most of the liquid is absorbed, stirring frequently.
Add in the parsley and shrimp. Simmer 10 minutes or until the mixture is thoroughly heated.
Add hot sauce. Stir and serve.