Venezuelan President Hugo Chávez Wednesday said he is assessing the possibility to buy state-of-the-start equipment for the oil industry from a manufacturer in Izveshk, Udmurtia Republic, Russia, the official news agency ABN reported.

Chávez' comments came Wednesday during a meeting with his counterpart of Udmurtia Alexander Alexandrivich Volko. Both rulers discussed bilateral integration processes.

"Today we will start evaluating the possibility to purchase equipment for Venezuelan oil plants," Chávez declared.

Further, he hinted a manufacturing plant similar to the factory he visited in Izveshk could be installed in Venezuela.

Chávez invited Volko to visit Venezuela.

Following a visit to a dairy plant, Chávez continued his tour of the Russian Federation and departed for Moscow.