During his tour, Ahmadinejad has already won the support of Brazil and Bolivia for Iran's right to pursue nuclear energy for peaceful purposes.
Chavez met with his counterpart at the Miraflores Palace, saying he was satisfied with Ahmadinejad's tour to Latin America.
The two countries signed 70 new agreements on agriculture, industry, trade and energy, adding to the 270 existing agreements of the last four years.
It is Ahmadinejad's fourth visit to Venezuela. Chavez visited Iran in September, when the two nations sealed an agreement for Venezuela to export 20,000 barrels of gasoline per day to Iran.
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Putting principles before profits
See also Sydney Irresistible and Mike Hitchen Unleashed
Putting principles before profits