In a chilled stand mixer bowl fitted with the whisk attachment combine the heavy whipping cream, powdered sugar, and vanilla paste and whip until medium to stiff peaks form.
Transfer to a container and refrigerate until ready to use.
For the Cake
Preheat the oven to 350°F.
Oil and flour an 8 inch round cake pan; line bottom of pan with parchment paper.
In the bowl of a stand mixer, beat eggs and sugar at high speed for 30 seconds. Add oil in a slow, steady stream, beating until combined. Add milk, beating until combined.
Reduce mixer speed to low. Beat in vanilla paste.
In a medium bowl, whisk together flour, baking powder, and salt. Gradually add flour mixture to egg mixture, beating until combined, stopping to scrape sides of bowl.
Pour batter into the prepared pan. Bake until a wooden pick inserted in the center comes out clean, 30 to 33 minutes. Let cool in the pan for 5 minutes.
Remove from pan, and let cool completely on a wire rack. Just before serving, brush with olive oil and top each slice with strawberry preserves, fresh strawberries and a dollop of chantilly cream.