PETRONAS Library was setup up in 1974, as a small reference room, at the Prime Minister's Department in Jalan Dato' Onn. The Library has, since then, been relocated four times to PETRONAS Building at Jalan Pudu in 1975, See Hoy Chan Plaza in 1982, Dayabumi in 1985, and in 1998 to PETRONAS Twin Towers.

As a corporate library, its primary role is to provide effective information services that nurtures learning and the creation of new knowledge.

PETRONAS library was renamed to Petroleum Resource Centre (PRC) in November 1998 to reflect its core business as a centre for information and knowledge on oil and gas business. PRC strives to provide all its users access to strategically vital research, journal articles, news and data pertinent to the corporate business needs.